Religare

Legitimate takeovers must be honoured by existing boards and promoters

US investor Danny Gaekwad Developments & Investments seeks Sebi exemption for Religare takeover

The Reserve Bank in December approved the open offer of the Burman family — the promoters of FMCG major Dabur — to acquire an additional 26 per cent stake in NBFC firm Religare Enterprises Ltd (REL)

Sebi rejects Danny Gaekwad's offer for stake amid Religare vs Burmans saga

The investor, Danny Gaekwad Developments & Investments, had proposed to acquire the stakes at a higher price compared to what was offered by the Burman family.

Religare says US businessman makes competing offer for stake at Rs 275 per share

In a stock exchange disclosure late on Friday, Religare shared a letter from U.S. entrepreneur Digvijay "Danny" Gaekwad's firm requesting permission from Indian market regulator SEBI to make an open offer of 275 rupees per share for the Indian company, a 17% premium to the current offer.

Irdai has no objection to Burman family's proposed acquisition of Religare: Report

Religare did not initially act on the proposal but later applied to the insurance regulator after the Securities Appellate Tribunal came into the picture

Burman family seeks removal of Rashmi Saluja from Care Health board amid ED probe: Report

In a letter dated September 27, the Burmans cited Care Health's Articles of Association, arguing that an ongoing Enforcement Directorate (ED) investigation against Saluja renders her unfit to serve as director.

'You can't undervalue your own company': Religare's Rashmi Saluja questions ED & SEBI on ‘baseless allegations’

Rashmi Saluja, Executive Chairperson, finds herself amidst a storm with recent raids by the Enforcement Directorate and allegations from SEBI. Saluja says she is being targeted and reiterates that the Burmans' offer price undervalues the company. She adds that the Burman vs Saluja battle is inappropriate and affirms her commitment to continue building value for the company.

Religare AGM Delay: Company dismisses allegations of regulatory violations by Proxy advisory firm InGovern

The proxy advisory firm believes that since the listed entity is in the midst of a raging corporate battle involving the Burman family; the capital markets regulator SEBI should immediately look into the delay and act in case any violations are found.

Mumbai Police registers FIR against Religare Enterprises' Group CFO, Executive Chairperson

'The concerned officials have denied the allegations made in the FIR and are examining the matter for such further action as is deemed appropriate,' the statement said.

Religare says ED conducted searches at premises of Rashmi Saluja, others

No incriminating documents were found during the search, said the company

Proxy governance firm raises red flag over Religare's fund infusion into MIC Insurance

Religare has sought shareholder approval for infusing Rs 15 crore fresh capital by the way of subscription to shares. The postal ballot is currently in progress and the results would be announced on March 23

Lenders to consider loan settlement proposal of Religare Enterprises: Religare

Religare has resolved many legacy issues left over by its erstwhile promoters, including settlement with SEBI and becoming debt free, the non-banking financial company (NBFC) said in a statement.

Delhi HC grants bail to former Religare CFO Krishnan Subramanian

Krishnan Subramanian was the Group CEO of Religare during 2017-2018, when a loan against a property worth Rs 115 crores was sanctioned as secured loans to three entities and the property documents of Asola land were kept as security with RFL.

Subscribe to Life Insurance Corporation of India: Religare

Religare has come out with its report on Life Insurance Corporation of India. The research firm has recommended to ''Subscribe'' the ipo in its research report as on April 28, 2022.

Singh brothers in dock: Religare expresses satisfaction after ED action

ED on January 10 filed a charge sheet against Shivinder Singh and his brother Malvinder before a Delhi court in a case related to alleged misappropriation of funds at Religare Finvest Ltd.

EOW arrests former Ranbaxy Chairman Malvinder Mohan Singh

Singh is accused of causing wrongful loss of Rs 2,397 crore to Religare Finvest

Religare to sell entire stake in NBFC arm to TCG Advisory Services for Rs 330 cr

Religare Enterprises (REL) in its filing said that a share purchase agreement has been signed with TCG for selling stake in RFL, which is an SME-focused NBFC and also owns a majority shareholding in housing finance provider Religare Housing Development Finance Corporation Ltd (RHDFCL).

Motilal Oswal names Maruti, ICICI Bank among top 10 Diwali picks

Hindalco, Maruti Suzuki and ICICI Bank are among the big Nifty names that Motilal Oswal is placing its bet on, this Diwali.

Opinion | The Fortis-Religare episode is a fit case for India's first class-action suit

A class action suit is one that allows a large number of people having a common cause of action to jointly file or pursue a litigation.

Pharma weekly wrap: Singh bros put blame on former top executive Sunil Godhwani for group's financial woes

Godhwani was leading group's financial services arm Religare Enterprises as MD and CEO, was also in charge of the group's holding company, RHC Holding.

Market Update: 170 stocks hit new 52-week low as Nifty PSU bank plunges over 3%; SBI top loser

The market breadth was in favour of the declines with 428 stocks advancing while 1215 declined and 367 remained unchanged. On the other hand, in the BSE, 645 stocks advanced and 1542 declined and 94 remained unchanged.

SFIO to probe Fortis, Religare for alleged irregularities

The corporate affairs ministry has been looking into the affairs of Fortis Healthcare and Religare Enterprises after recent reports that financial irregularities have emerged at the two companies.

Edelweiss Wealth to acquire retail broking business of Religare

The acquisition includes securities and commodities broking, and depository participant services.

Religare case:NCLT says no to interim stay on Rs 500 crore investment

India Horizon Fund along with IDBI Trusteeship Services, had moved NCLT seeking a stay over the proposal by Religare Enterprises to invest in Religare Capital Markets

Ascertaining type of attack on IT ops; data safe: Religare Ent

Religare Enterprises said the problem is exactly not in the nature of cyber attacks and there were some stray incidents.