Religare Enterprises, the holding company of financial services conglomerate Religare Group, has received an approval for $75 million amounting about Rs 400 crore investments by the International Finance Corporation (IFC) through preferential allotment.
The board at its meeting held on September 29, 2012 has approval for the same and the transaction is subject to customary documentation and approvals.
IFC is part of the World Bank group and acts mostly as the private sector lending arm of the multi-lateral institution.
Religare Enterprises (REL) is the holding company for one of India’s leading diversified financial services groups. REL offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management.
| Company Name | CMP |
|---|---|
| Bajaj Finserv | 1816.35 |
| TVS Holdings | 14470.85 |
| RattanIndia Ent | 37.79 |
| Altius Telecom Infra | 169.00 |
| Authum Inv. & Infra | 495.50 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: