Religare Enterprises has received copies of petitions filed by NYLIM Jacob Ballas India Fund III LLC and Resurgence PE Investments in the Delhi High Court against the company and its subsidiary - Religare Finvest (RFL). The quantum of claims is Rs 394 crore and Rs 277 crore by Jacob Ballas and Resurgence PE, respectively. The court will hear the case on November 29, 2017.
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.
