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Religare Enterprises rises on incorporating two new wholly owned subsidiaries

22 Jul 2016 Evaluate

Religare Enterprises is currently trading at Rs. 277.00, up by 0.60 points or 0.22% from its previous closing of Rs. 276.40 on the BSE.

The scrip opened at Rs. 277.00 and has touched a high and low of Rs. 277.00 and Rs. 277.00 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 327.05 on 30-Jul-2015 and a 52 week low of Rs. 255.95 on 24-Nov-2015.

Last one week high and low of the scrip stood at Rs. 327.05 and Rs. 255.95 respectively. The current market cap of the company is Rs. 4,939.87 crore.

The promoters holding in the company stood at 50.93%, while Institutions and Non-Institutions held 22.63% and 26.44% respectively.

Religare Enterprises has incorporated two new wholly owned subsidiaries of the company namely ‘Religare Broking’ and ‘Religare Insurance’ on July 20, 2016 and July 21, 2016 respectively under Religare Capital Markets (India), a direct wholly owned subsidiary of the company. This step has been taken by the company as a part of its proposed re-structuring plan.

Religare Enterprises is one of India’s leading diversified financial services groups. It offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management.


Peers
Company Name CMP
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Cholamandalam Fin. 1433.10
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