Religare Enterprises has entered into the definitive agreements (Share Subscription and Share Purchase Agreement and Shareholders Agreement) with Kedaara Capital Fund II LLP and Trishikhar Ventures LLP (jointly referred as ‘Kedaara’). The said agreements are for sale of part of the investment in Religare Health Insurance Company (RHICL), a subsidiary company for a consideration aggregating to Rs 200 crore and primary capital infusion of Rs 200 crore in RHICL by Kedaara.
Pursuant to the above transactions, the company would have divested part of its investment constituting 6.76% of RHICL. Post consummation of the transaction, the company will hold 76.18% stake in RHICL.
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.
