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Religare Enterprises tumbles as its arm defaults on interest payment to bond holders

28 Feb 2022 Evaluate

Religare Enterprises is currently trading at Rs. 122.85, down by 2.35 points or 1.88% from its previous closing of Rs. 125.20 on the BSE.

The scrip opened at Rs. 126.35 and has touched a high and low of Rs. 126.35 and Rs. 121.35 respectively. So far 26846 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 194.50 on 24-Sep-2021 and a 52 week low of Rs. 78.10 on 26-Feb-2021.

Last one week high and low of the scrip stood at Rs. 127.75 and Rs. 113.80 respectively. The current market cap of the company is Rs. 3899.82 crore.

The Institutions and Non-Institutions holding in the company stood at 20.78% and 79.22% respectively.

Religare Enterprises’ arm Religare Finvest (RFL) has defaulted on interest payment to the bond holders due on February 25 due to asset liability mismatch arising out of siphoning and misappropriation of funds by erstwhile promoters of its parent company Religare Enterprises.

RFL defaulted on interest payment for an amount of Rs 96 lakh (Rs 0.9600 crore) towards non-convertible debentures (NCDs) due on February 25, 2022.

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.

Religare Enterprises Share Price

220.85 -2.55 (-1.14%)
08-May-2026 16:59 View Price Chart
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