MoneyWorks4Me

Religare Enterprises’ arm receives corporate agency license from IRDA

25 Jun 2012 Evaluate

Religare Enterprises’ subsidiary - Religare Finvest, has obtained the corporate agency license from Insurance Regulatory Development Authority (IRDA) for the procurement/ solicitation of general insurance business on behalf of ICICI Lombard General Insurance Company.

Religare Enterprises (REL) is engaged in providing financial products and services. REL provides services across three segments namely retail, institutional and wealth.

Religare Finvest offers debt capital to SMEs in the form of loans against property, working capital loans, loans against plant and machinery, vehicles and construction equipment and loan against marketable securities among others.

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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