Religare Enterprises

Sept 14 (Reuters) - Religare Enterprises Ltd RELG.NS:

• APPROVES CONTINUATION OF RAJENDER MOHAN MALLA AS CHAIRPERSON TO DEC 31, 2026

Source text: ID:nBSE6cn2cN

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Religare Enterprises said the Securities Appellate Tribunal dismissed an appeal against a Securities and Exchange Board of India order dated February 14, 2025, in an order dated August 19, 2026. The company had referred to the underlying SEBI order in an exchange announcement dated February 15, 2025. Its principal businesses were Care Health Insurance, Religare Broking, Religare Finvest and Religare Housing Finance. Care accounted for about 94% of segment revenue in FY26, while consolidated total income was ₹2,358.43 crore and the group posted a ₹46.98 crore loss in the June quarter.

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Non-promoter investor Ashish Dhawan bought 36,00,238 shares of Religare Enterprises in the open market on August 31, taking his voting stake to 7.41% and his total diluted holding to 7.28%. His 36,19,148 warrants remained unchanged, while his voting shares rose from 2,16,80,852 to 2,52,81,090. Dhawan had bought 38 lakh shares three days earlier, and the Burman promoter group held about 30% of the company. In the June quarter, Religare recorded consolidated total income of ₹2,358 crore and a ₹46.98 crore net loss, with Care Health Insurance accounting for most of the group’s revenue.

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Ashish Dhawan bought 38 lakh shares of Religare Enterprises in the open market on 28 August, raising his voting stake from 5.24% to 6.35%. His total holding, including warrants, rose to 6.38% on a fully diluted basis, while he remained outside the promoter group. Religare's promoter group had been increasing its ownership through open-market purchases, rights subscriptions and warrant conversions. The company reported FY26 consolidated total income of ₹8,494 crore, with insurance contributing roughly 94% of segment revenue.

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Aug 12 (Reuters) - Religare Enterprises Ltd RELG.NS:

• RELIGARE ENTERPRISES JUNE-QUARTER CONSOL NET LOSS 261.8 MILLION RUPEES

• RELIGARE ENTERPRISES JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 23.53 BILLION RUPEES

• RELIGARE ENTERPRISES - APPROVED RE-DESIGNATION OF ARJUN LAMBA AS MANAGING DIRECTOR

Source text: ID:nBSE552tS0

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Religare Enterprises said the Reserve Bank of India had declined its request for no-objection or prior approval for a scheme transferring the group's demerged financial-services undertaking to Religare Finvest. RBI conveyed the decision in a letter dated August 6, while Religare Finvest received a similar communication on August 7. The scheme had won board approval in February and exchange observation letters with no objection or no adverse observations in July, subject to further regulatory and statutory clearances. The proposed undertaking covered Religare Finvest, Religare Broking and Religare Housing Finance. Religare held about 63% of Care Health Insurance, which generated roughly 90% of consolidated income.

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July 31 (Reuters) - Religare Enterprises Ltd RELG.NS:

• INDIA'S SEBI: DISPOSES INTERIM ORDER IN MATTER OF RELIGARE ENTERPRISES DATED JUNE 19, 2024 AGAINST NOTICEES WITHOUT ANY DIRECTIONS

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June 30 (Reuters) - Religare Enterprises Ltd RELG.NS:

• RELIGARE HOUSING DEVELOPMENT FINANCE CORPORATION CEO RESIGNS

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May 12 (Reuters) - Religare Enterprises Ltd RELG.NS:

• MARCH-QUARTER CONSOL NET PROFIT 822.1 MILLION RUPEES

• MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 24.67 BILLION RUPEES

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Feb 25 (Reuters) - International Conveyors Ltd ICON.NS:

• BUYS SHARES OF RELIGARE ENTERPRISE

• ACQUISITION COST 75 MILLION RUPEES

Source text: ID:nBSE1hQkBD

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Jan 2 (Reuters) - Religare Enterprises Ltd RELG.NS:

• RELIGARE ENTERPRISES APPOINTS SURESH MAHALINGAM AS CHAIRPERSON

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Dec 16 (Reuters) - Religare Enterprises Ltd RELG.NS:

• IRDAI IMPOSES 10 MILLION RUPEES PENALTY ON UNIT CARE HEALTH INSURANCE

Source text: ID:nBSE17wZrW

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July 23 (Reuters) - Religare Enterprises Ltd RELG.NS:

• RELIGARE ENTERPRISES LTD - RBI WITHDRAWS CONDITIONS ON RELIGARE FINVEST UNDER CORRECTIVE ACTION PLAN

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July 11 (Reuters) - Religare Enterprises Ltd RELG.NS:

• BOARD APPROVES FUNDRAISE UP TO 15 BILLION RUPEES

• TO ISSUE 63.8 MILLION CONVERTIBLE WARRANTS AT 235 RUPEES EACH

Source text: ID:nBSE5582cs

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July 9 (Reuters) - Religare Enterprises Ltd RELG.NS:

• RBI APPROVES APPOINTMENT OF THREE DIRECTORS ON RELIGARE BOARD

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July 7 (Reuters) - Religare Enterprises Ltd RELG.NS:

• RELIGARE ENTERPRISES LTD - NAMES MALAY KUMAR SINHA AS NON-EXECUTIVE CHAIRPERSON

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May 20 (Reuters) - Religare Enterprises Ltd RELG.NS:

• MARCH-QUARTER CONSOL NET PROFIT 990.6 MILLION RUPEES

• MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 20.28 BILLION RUPEES

Source text: ID:nBSE6vmFyx

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March 26 (Reuters) - Religare Enterprises Ltd RELG.NS:

• RASHMI SALUJA CEASES TO BE CHAIRPERSON OF RFL

Source text: ID:nBSE1DVxP5

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March 24 (Reuters) - Religare Enterprises Ltd RELG.NS:

• UNIT GETS TWO ORDERS RAISING AN INCOME-TAX DEMAND OF 1.05 BILLION RUPEES

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** Religare Enterprises RELG.NS climbs 2.4% to 241.11 rupees, after two sessions of losses

** Financial services provider seeks governance review

** Also approaches controlling investor, Burman family, for funds to tide over cash flow gap

** Stock jumped 18% on Feb 21, day after Burman family took control, but has eased gains to about 8% since then

** Year-to-date, stock down ~14%

(Reporting by Manvi Pant in Bengaluru)

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March 17 (Reuters) - Religare Enterprises Ltd RELG.NS:

• BOARD OBSERVES CASH FLOW GAP OVER NEXT FEW MONTHS

• TRILEGAL AND GRANT THORNTON ENGAGED FOR RELIGARE GOVERNANCE REVIEW

• TO APPROACH BURMAN GROUP FOR IMMEDIATE FUNDING SUPPORT

• BOARD RECOMMENDS SHORT TERM INTER CORPORATE LOAN

• COMMISSIONS GOVERNANCE REVIEW OF REL AND ITS UNITS RFL, RHDFCL

Source text: ID:nBSE9hxzP5

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Feb 24 (Reuters) - Elpro International Ltd ELPR.BO:

• ELPRO INTERNATIONAL LTD - ACQUIRES EQUITY SHARES OF RELIGARE ENTERPRISES

• ELPRO INTERNATIONAL - COST OF ACQUISITION OF SHARES OF RELIGARE ENTERPRISES AT 126 MILLION RUPEES

Source text: ID:nBSE379Hsw

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** Shares of India's Religare Enterprises RELG.NS rise 5.4% to 235.20 rupees, their best pct gain since September 30

** Financial services provider's shares snap three-session losing streak

** Billionaire Burman family that owns Dabur DABU.NS on Thursday said they acquired control of company after a 17-month takeover battle

** RELG shares were down ~19% so far this year as of last close on uncertainties over takeover battle

(Reporting by Sethuraman NR in Bengaluru)

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Feb 20 (Reuters) - India's Burman family has acquired control of financial services provider Religare Enterprises RELG.NS, a spokesperson for the billionaire group said on Thursday.

The Burmans, who founded and control consumer goods conglomerate Dabur India DABU.NS, got the central bank's approval to buy more shares of Religare in December.

"Our immediate priority is to instill stability, strengthen governance, and drive sustainable growth at the company," the spokesperson said.

(Reporting by Ananta Agarwal in Bengaluru)

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Feb 14 (Reuters) - Religare Enterprises Ltd RELG.NS:

• INDIA MARKETS REGULATOR: DISPOSES OFF FEB 1, 2025 APPLICATION FILED BY DIGVIJAY LAXHAMSINH GAEKWAD IN MATTER OF RELIGARE ENTERPRISES

• INDIA MARKET REGULATOR: DISPOSES APPLICATION BY DIGVIJAY GAEKWAD SEEKING EXEMPTIONS FROM CERTAIN OPEN OFFER REGULATIONS FOR RELIGARE

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Feb 13 (Reuters) - Religare Enterprises Ltd RELG.NS:

• RELIGARE ENTERPRISES LTD - APPOINTS PRAVEEN KUMAR TRIPATHI AS CHAIRPERSON UNTIL JUNE 30, 2025

Source text: ID:nNSE5PSVTM

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Feb 6 (Reuters) - Religare Enterprises Ltd RELG.NS:

• UNIT GETS DEMAND ORDER FOR TAX OF 309.4 MILLION RUPEES, PENALTY OF 309.4 MILLION RUPEES

Source text: ID:nBSE1jdtck

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Feb 3 (Reuters) - Religare Enterprises Ltd RELG.NS:

• RELIGARE ENTERPRISES - DANNY GAEKWAD WRITES TO INDIA MARKETS REGULATOR, RBI ON OPEN OFFER FOR CO

• RELIGARE ENTERPRISES - GAEKWAD APPLIES TO REGULATORS SEEKING EXEMPTION FOR COMPETING OPEN OFFER

Source text: ID:nNSE5GQC1y

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By Aditya Kalra

NEW DELHI, Jan 25 (Reuters) - India's Religare Enterprises RELG.NS said a U.S. businessman has made a proposal to acquire a 26% stake in it, the latest twist in the battle for control of the financial services company which has rejected another bid as being priced too low.

The Indian billionaire Burman family, which has founded and controls consumer goods conglomerate Dabur India DABU.NS, raised its stake in Religare to nearly 25% in September 2023, triggering a so-called open offer to buy more shares.

Through the open offer process, which starts on Jan. 27, the Burmans plan to buy around 26% more of Religare to bolster their presence in India's rapidly growing financial services sector, but Religare's independent directors flagged this week the offer price of 235 rupees per share was too low.

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.

A representative of the Burman family, Mohit Burman, and the market regulator SEBI did not immediately respond to requests for comment on Saturday. Florida-based Gaekwad did not immediately respond to a Reuters' email seeking comment outside of normal U.S. business hours.

Religare shares closed at 249.40 rupees on Friday, giving it a market value of 81.83 billion rupees ($949.30 million).

The Burmans, if they win control of Religare, will find themselves pitted against other Indian billionaire families in the financial services business, including Mukesh Ambani's Jio Financial Services JIOF.NS and family-controlled Bajaj Finance BJFN.NS.

But the Burmans' Religare bid has faced regulatory and legal challenges.

Earlier this week, Religare disclosed that a minority shareholder had approached the Delhi High Court, and was seeking to stop Burmans' open offer bid.

Legal papers show that the shareholder holds 500 shares in Religare, and the court on Tuesday issued a notice to Burmans and SEBI and said any subsequent action - such as an open offer - "shall be subject to the outcome" of the lawsuit.

($1 = 86.2000 Indian rupees)

(Reporting by Aditya Kalra and Siddhi Nayak; Editing by Muralikumar Anantharaman)

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** Shares of Religare Enterprises RELG.NS up 3% at 290 rupees

** Madhya Pradesh High Court on Thursday disposed a case filed by some minority share holders against co, NDTV Profit reported

** Court had earlier stayed Religare's annual general meeting (AGM) and billionaire Burman family's plan to buy more shares in co

** Case disposal paves way for AGM, Burman family's deal

** RELG stock down 7% after Madhya Pradesh High Court stayed co's AGM on Dec. 18

(Reporting by Sethuraman NR in Bengaluru)

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