New Delhi: The Burman family has increased their stake in Religare Enterprises to about 30% in the past month through open market purchases following a restructuring announcement by the company in mid-February, as per multiple stock exchange filings.Purchases were made by investment companies they control and also by certain family members directly, data showed.Burmans are the promoters of consumer goods company Dabur. They also co-own Indian Premier League team Punjab Kings.They acquired 13 million shares in Religare Enterprises between March 18 and March 27, as per data. This took their ownership to more than 100 million shares. Religare has 332.7 million shares outstanding.On February 15, Religare Enterprises announced that it was transferring its lending, investment, broking, ancillary and support services into Religare Finvest. The entity would be listed and shareholders of Religare Enterprises would be offered shares in Religare Finvest in a ratio of 1:1.Religare Enterprises would continue to hold a 62% stake in Care Health Insurance after this restructuring.

Noida: The district consumer commission has held Religare Health Insurance (now known as Care Health Insurance) of Religare Enterprises Limited guilty.

The Enforcement Directorate (ED)'s case is based on a scheduled offence filed by Mumbai's Matunga police under IPC sections 420 (cheating) and 120(B) (criminal conspiracy). The ED has alleged the conspiracy was aimed at obstructing the takeover of REL by the Burman family to ensure the accused continued to enjoy sole control.

The special PMLA court has issued notice to Rashmi Saluja, former Executive Chairperson at Religare Enterprises Ltd (REL) and non-executive chairperson at M/s Care Health Insurance Ltd (CHIL) and four others, after Enforcement Directorate (ED) has submitted a prosecution complaint against them accusing them of money laundering.

Bajaj Finance, Nestle India, SBI Life Insurance Company, Canara Bank, and ACC, among others, are set to report their quarterly earnings later today

HCL Technologies, Ola Electric Mobility, and Tata Technologies are expected to report Q1 results today.

New Delhi / Mumbai (Maharastra) [India], May 13: Religare Housing Development Finance Corporation Limited (RHDFCL), a step down subsidiary of Religare Enterprises Limited (REL), today, announced that ICRA Limited has upgraded its rating to [ICRA]BBB- (Stable)/[ICRA]A3 for its Long-term/Short-term bank lines of Rs. 400 crores. This significant upgrade from the previous rating of [ICRA]BB (Stable)/[ICRA]A4 underscores the company's improving financial profile and operational stability.

Religare Enterprises Ltd’s subsidiary, Care Health Insurance, has received an income tax demand notice of Rs 104.77 crore for the assessment years 2020-21 and 2021-22 from the Assistant Commissioner of Income-Tax, Mumbai. Care Health plans to appeal against the order within the prescribed timelines.

The Mumbai police plan to question Rashmi Saluja, former chairman of Religare Enterprises, over complaints related to the company's takeover by Dabur's Burman family. Investigations reveal possible attempts to disrupt the takeover using false claims and allegations. The Economic Offences Wing and the Enforcement Directorate are probing the matter, focusing on financial irregularities and unlawful gains.