Religare Enterprises is currently trading at Rs. 236.50, up by 2.60 points or 1.11% from its previous closing of Rs. 233.90 on the BSE.
The scrip opened at Rs. 234.00 and has touched a high and low of Rs. 240.00 and Rs. 233.80 respectively. So far 4718 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 308.00 on 30-Mar-2016 and a 52 week low of Rs. 221.05 on 15-Nov-2016.
Last one week high and low of the scrip stood at Rs. 249.30 and Rs. 229.85 respectively. The current market cap of the company is Rs. 4196.21 crore.
The promoters holding in the company stood at 50.93%, while Institutions and Non-Institutions held 20.84% and 28.23% respectively.
Religare Enterprises’ (REL) indirect subsidiary - Religare Wealth Management (RWML) has entered into a definitive agreement on February 17, 2017 with Anand Rathi Group to sell its interests in its wealth management business subject to necessary approvals. The expected date of completion of sale is March 31, 2017.
RWML reported a revenue of Rs 24.84 crore in FY2015-16 and its net worth as at March 31, 2016 was Rs 0.73 crore, translating to approximately 0.55% of consolidated revenue and approximately 0.02% of consolidated net worth of REL for the year ended March 31, 2016.
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.
