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Religare Enterprises’ arm eyeing to restart business operation in 2023

27 Dec 2022 Evaluate

Religare Enterprises’ NBFC arm--- Religare Finvest (RFL) is eyeing to restart its business operation in the New Year 2023 following the company's proposal of Rs 2,300 crore One Time Settlement (OTS) finding favour from most of the lenders. Once the OTS process is completed, RFL will come out of the Corrective Action Plan (CAP) imposed by the Reserve Bank of India (RBI) in January 2018 due to its weak financial health.

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 1731.20
TVS Holdings 11594.10
Cholamandalam Fin. 1377.45
Altius Telecom Infra 172.50
Kama Holdings 2235.75
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