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Religare Enterprises gets nod for entering into new business segments

25 Mar 2022 Evaluate

Religare Enterprises’ board has approved entering into new business segments i.e. Debt Management Services, Asset Reconstruction, Insurance Broking & Alternate Investment Fund, in order to expand the financial services footprint with an objective to ensure that the Company and the Group are able to take advantage of the favorable market conditions and become a 360 degree financial services conglomerate; leveraging its existing business strengths. The Board of Directors of the Company in its meeting held on March 24, 2022, has approved the same.

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 1771.00
TVS Holdings 12493.90
Cholamandalam Fin. 1433.10
Altius Telecom Infra 175.00
Kama Holdings 2204.55
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