Religare Enterprises (REL) has paid Rs 5.41 crore to market regulator Sebi to settle its past cases. In order to settle another legacy issue and keep REL growing as per its plans, it had submitted an application for settlement under the SEBI (Settlement Proceedings) Regulations, 2018 without admission or denial of SEBI's findings.
The said application along with the settlement terms proposed by the company were examined by SEBI which having considered the facts and circumstances of the case, approved that the specified proceedings may be settled upon payment of Rs 5.41 crore.
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.
