Page 6 - Religare Enterprises

Religare Finvest gets relief from appellate tribunal in fund diversion case

Tribunal pulls up Sebi for passing contradicting orders

RFL scam: Ex-Fortis promoter Malvinder sent to judicial custody for 2 weeks

Besides Malvinder, the court remanded Sunil Godhwani, former CMD of Religare Enterprises Ltd, to the judicial custody till December 12

RFL scam: Fortis ex-promoter Malvinder Singh sent to ED custody till Nov 28

Besides Malvinder, Delhi High Court also remanded Sunil Godhwani, former CMD of Religare Enterprises Ltd, to ED's custody till November 28

Court extends ED custody of Malvinder Singh, Sunil Godhwani till Nov 23

The ED had arrested Singh and Godhwani in the money laundering case on November 14

RFL case: ED arrests ex-Fortis Healthcare promoter Malvinder Singh

ED took the accused in its custody inside the Tihar central jail here

Malvinder, Shivinder settlement talk with RFL runs into trouble

Japanese drug major Daiichi Sankyo has been fighting a prolonged legal battle with the Singh brothers

Delhi court allows settlement talks between Singh brothers and Religare

The Saket district court directs Singh brothers' production on Wednesday, gives time till 2 p.m. to talk to REL, RFL

Malvinder, Shivinder seek interim bail before Delhi Court, offer settlement

Chief Metropolitan Magistrate Deepak Sherawat took note of the submission and issued production warrant for the accused persons for Tuesday

Police produces Malvinder, Shivinder Singh in Religare case, seeks custody

RFL is a subsidiary of the REL. Shivinder and his elder brother Malvinder were earlier the promoters of REL

Rs 740-cr fraud: Ranbaxy ex-promoters Malvinder, Shivinder Singh arrested

The misappropriation came to light after an independent forensic audit was conducted by the new board

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

REL in July 2019 had signed a binding term sheet with TCG Advisory Services to sell its NBFC and housing finance businesses

ED unearths $400-million fund diversion at Religare Enterprises

ED is learnt to have summoned Singh brothers along with close associate N K Ghoshal

Religare Enterprises to sell home loan arm, NBFC business to TCG

RFL has an asset base of Rs 7,000 crore, which includes Rs 4,500-crore SME loan book

Religare to sell entire stake in housing finance unit, NBFC arm RFL to TCG

Shares of Religare Enterprises traded 9.99% higher at Rs 42.95 apiece on the BSE

Religare Enterprises surges 10% on stake sale in subsidiary to TCG Advisory

Between July 5 and today, the stock has rallied 51% from a level of Rs 28.50 apiece. In comparison, the S&P BSE Sensex has lost 2% during the same period

Religare Enterprises plans to raise Rs 9.16 billion by issuing warrants

The warrants will be issued to a number of entities on a preference basis

Religare Enterprises surges 5% after Edelweiss buys its securities biz

The company said this acquisition will help it expand its geographical reach and distribution footprint and almost treble the client base

Religare Enterprises shares rally 10% as Q2 loss narrows to Rs 30 crore

On NSE, shares of the company jumped 10 per cent to close at Rs 46.20

Religare revamps board, appoints S Lakshminarayanan as executive chairman

Beleaguered financial services firm Religare Enterprises has revamped its board and management team. The company has appointed S Lakshminarayanan, former secretary, government of India, as executive chairman. Lakshminarayanan is also the current chairman and independent director of Shriram Transport Finance Co. Meanwhile, promoter Malvinder Singh has relinquished his position as non-executive chairman and but will continue as a non-executive board member. "We have always believed that a professional management should run a diversified and highly regulated business such as Religare. However in July 2016, due to sliding business performance, we had to return back on the board. Since then we have been engaging closely with the members of the board and the management to understand and address the issues and took a series of corrective measures to stabilize the company. We now feel the time has once again come for us to hand over the reins to a new committed professional team to drive ...

Singh brothers' stake halves to 25.3% in Religare Enterprises

The shareholding of the promoters of financial services firm Religare Enterprises has halved to 25.33 per cent in the last quarter. The fall in holding of billionaire brothers Malvinder Mohan Singh and Shivinder Mohan Singh and entities they control, reported to the exchanges in the latest shareholding pattern as of September 30, has come amid several attempts by their Japanese adversary Daiichi Sankyo, which has moved courts, to block the sale of brothers' assets. Sankyo has been seeking to enforce an arbitral award relating to its acquisition of Ranbaxy holdings, almost a decade ago. All four promoter entities, which held big chunks in Religare, saw their holdings fall. Malvinder now holds 3.6 per cent against 6.23 per cent earlier, while the younger brother's stake fell to 1.5 per cent, a fourth of his previous holding. RHC Finance emerged as the largest promoter entity with a holding of 12.2 per cent (down from 16.31 per cent). RHC Holding, which was earlier the main holding firm