Religare Enterprises (REL) has entered into a Share Purchase Agreement on April 05, 2023 with Religare Finvest (RFL) (a wholly owned subsidiary of REL) and Religare Housing Development Finance Corporation (RHDFCL) (subsidiary company of RFL) for acquisition of entire equity stake of RHDFCL held by RFL.
RFL currently holds 87.5% of total share capital of RHDFCL. Post-acquisition, RHDFCL shall become a direct subsidiary of REL.
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.
