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Religare Enterprises Ltd.

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Burmans raise stake in Religare to 30%
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.
cityfalcon.com·3d ago
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Consumer forum asks insurance co to release Rs 10L accident claim
Noida: The district consumer commission has held Religare Health Insurance (now known as Care Health Insurance) of Religare Enterprises Limited guilty.
cityfalcon.com·24d ago
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ED Files Chargesheet Against "Principal Architect Of Conspiracy," Former Executive Chairperson Of Religare Enterprises, In 179.54 Crore Scam
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.
cityfalcon.com·6mo ago
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Mumbai News: Special PMLA Court Issues Notice To Ex-Religare Chairperson Rashmi Saluja, Others Over 179 Crore Money Laundering Case
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.
cityfalcon.com·6mo ago
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Trading Radar For July 24: Infosys, Dr. Reddy’s, Natco Pharma, BEML On Investors’ Watchlist
Bajaj Finance, Nestle India, SBI Life Insurance Company, Canara Bank, and ACC, among others, are set to report their quarterly earnings later today
Stocktwits·8mo ago
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Trading Radar For July 14: DMart, BEML, Wockhardt, Glenmark, VIP Industries And Zydus Are On The Watchlist
HCL Technologies, Ola Electric Mobility, and Tata Technologies are expected to report Q1 results today.
Stocktwits·9mo ago
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