Religare Enterprises has informed that the Board of Directors of the Company in its meeting held on March 24, 2022, 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, has approved entering into new business segments (Debt Management Services, Asset Reconstruction, Insurance Broking & Alternate Investment Fund), subject to requisite regulatory approvals as may be applicable. The Company will be undertaking said businesses in separate entities to be formed under the Company in due course.
The above information is a part of company’s filings submitted to BSE.
