Religare Enterprises has incorporated a subsidiary company namely ‘Religare Care Foundation’ (RCF) on February 04, 2022. The objective to establish RCF is to look after the CSR expenditure of the various companies of Religare group leading to a more strategic and efficient approach in CSR spending for a larger unified purpose at group level through which a better brand building can be achieved. Such in-house CSR company would also lead to a more administrative control and economy of operations to the said entity. Cost of acquisition is Rs 2,55,000 (25,500 equity shares of Rs 10 each).
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.
