trending Market Intelligence /marketintelligence/en/news-insights/trending/UX0W1lZ08e1uiA_NGMSs-Q2 content esgSubNav
In This List

Religare Enterprises incorporates 2 subsidiaries as part of restructuring plan

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Religare Enterprises incorporates 2 subsidiaries as part of restructuring plan

ReligareEnterprises Ltd. incorporated two new subsidiaries as part its planto simplify its corporate structure.

Religare Broking Ltd. and Religare Insurance Ltd. were incorporatedon July 20 and July 21, respectively, under Religare Capital Markets (India)Ltd., which is a subsidiary of Religare Enterprises.

The restructuring plan, which was unveiled May 27, includesa proposed reorganization of the company's existing operating businesses —lending, health insurance and capital markets — into three separate listedentities. The announcement came after the company's decision to its asset managementbusinesses.

Religare Enterprises' lending, health insurance and capitalmarkets businesses are operated through Religare Finvest Ltd., andReligare SecuritiesLtd., respectively.