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Religare Enterprises’ lenders in-principally agree to proposed OTS of RFL

02 Jun 2022 Evaluate

Religare Enterprises’ lenders have in-principally agreed to consider the One-Time Settlement (OTS) proposal of Religare Finvest (RFL) a wholly-owned subsidiary of the company. Led by the new management and professionally run independent Board since 2018, REL has focused on providing growth, stability and good governance to all its businesses.

The company has resolved many legacy issues left over by its erstwhile promoters including settlement with SEBI and becoming debt free. RFL which has been a victim of siphoning off of funds by its erstwhile promoters has initiated and pursuing legal actions for recovery and now begun its path towards revival. Post RFL's OTS completion, it will have healthy prudential ratios well above those prescribed by RBI.

Religare's Health Insurance, Housing Finance and Braking subsidiaries are already on a trajectory of growth, harnessing their full potential with increasing market share and profitability.

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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