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Religare Enterprises informs about company updates

19 Dec 2016 Evaluate

With reference to the earlier letter dated October 26, 2016, wherein the board of Directors of the Company had approved the transaction to acquire the remaining 24.82% stake in Religare Arts Initiative Limited (‘RAIL’) from the minority shareholder of RAIL. Religare Enterprises has now informed that said transaction is closed. Now, RAIL is wholly owned subsidiary of the Company.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Bajaj Finserv 1731.20
TVS Holdings 11594.10
Cholamandalam Fin. 1377.45
Altius Telecom Infra 172.50
Kama Holdings 2235.75
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