Religare Enterprises Ltd Share Price (RELIGARE)

Religare Enterprises Allots Equity Shares Under ESOP - 12 Apr, 2024

Religare Enterprises has allotted 2,91,250 equity shares under ESOP, increasing the issued, subscribed and paid-up equity capital of the company from Rs. 3,29,72,11,630/- to Rs. 3,30,01,24,130/-.

Religare Enterprises Delivers 50% CAGR Over 5 Years - 04 Apr, 2024

Religare Enterprises (NSE:RELIGARE) has delivered a massive 50% CAGR over the last five years, with an 8.2% surge in the past week alone. The company's transition to profitability justifies its strong share price gain.

Burman Family Increases Stake in Religare Enterprises - 30 Mar, 2024

The Burman family has increased its stake in Religare Enterprises to 25.18%, securing veto rights on special resolutions at the financial services company.

Religare Shareholders Reject Resolutions Amid Tussle; ED Attaches Assets Worth Rs 124.5 Crore - 27 Mar, 2024

Shareholders of Religare Enterprises have rejected two special resolutions proposed by the company while ED has attached immovable assets worth Rs 124.5 crore of several companies belonging to M3M Group in a money laundering investigation against Religare Finvest Ltd.

Religare Shareholders Reject Resolutions; ED Seizes Assets - 26 Mar, 2024

Shareholders of Religare Enterprises have rejected two resolutions proposed by the company, signaling a lack of confidence in its management. Meanwhile, the Enforcement Directorate has seized assets worth over Rs 124 crore as part of a money laundering investigation against Religare Finvest Limited and others.

Religare's Special Resolutions Defeated by Shareholders - 25 Mar, 2024

Both special resolutions floated by Religare Enterprises failed to obtain the required 75% voting in favor, resulting in a potential setback for Rashmi Saluja-led management amid conflict with the Burman family. The first resolution sought approval to invest up to Rs 15 crore in MIC Insurance Web Aggregator, while the second pertained to amending articles of association.

Religare Shareholders Vote Against Investment Proposal - 24 Mar, 2024

Shareholders of Religare Enterprises have voted against the company's proposal to invest in its subsidiary MIC Insurance Web Aggregator. Proxy advisory firm InGovern has recommended shareholders vote against the resolution, citing lack of disclosures and co-relation with REL's core business. With an uncertain phase and regulatory probe underway, and a change in promoters and management imminent, the proposed investment must be kept at bay.

Burman Family Seeks Cancellation of Stock Options Granted to Religare Chairperson - 21 Mar, 2024

The Burman family, which owns a substantial stake in Religare Enterprises, has sought the cancellation of employee stock options valued at Rs 350 crore granted to Religare chairperson Rashmi Saluja by subsidiary Care Health Insurance. The dispute between the management and one of India's most prominent business families has intensified.

Religare Board Appointment Questioned by Burman Family - 19 Mar, 2024

The Burman family, who own over 25% of Religare Enterprises Ltd, have raised concerns about the appointment process of Rakesh Asthana as a director on the company's board. They argue that this appointment violates listing rules and should have been approved by shareholders within three months.

Proxy Advisory Firm Recommends Against Religare's Proposed Investment - 15 Mar, 2024

Corporate governance tracker, InGovern Research Services, has recommended that Religare Enterprises' shareholders vote against a resolution proposing an investment in MIC Insurance Web Aggregator. The proxy advisor cited concerns over the lack of adequate disclosures and absence of correlation with Religare's core business.

InGovern Raises Concerns Over Religare's Investment in MIC Insurance - 14 Mar, 2024

Proxy advisory firm InGovern has recommended shareholders of Religare Enterprises to vote against a resolution proposing an investment of ₹15 crore in MIC Investment Web Aggregator, citing wrong capital allocation at a time when there are significant upcoming payables in the form of loans and existing capital that must be deployed in its core business areas.