MoneyWorks4Me

Religare Enterprises’ arm to restart business

29 Nov 2021 Evaluate

With debt recast at final stages, Religare Enterprises’ arm Religare Finvest  (RFL) is all set to restart its business come new year 2022.  RFL has been barred from undertaking fresh business as it is under corrective action plan (CAP) of the Reserve Bank of India (RBI) since January 2018, due to its weak financial health.

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.

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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