Religare Enterprises gains on inking pact to acquire insurance web aggregator ‘MyInsuranceClub’

Religare Enterprises Ltd. | Finance - Investment | BFSI | BSE: 532915 | NSE: RELIGARE

06 Apr 2023 Evaluate

Religare Enterprises is currently trading at Rs. 154.80, up by 0.95 points or 0.62% from its previous closing of Rs. 153.85 on the BSE.

The scrip opened at Rs. 154.10 and has touched a high and low of Rs. 154.95 and Rs. 152.85 respectively. So far 992 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 192.30 on 28-Nov-2022 and a 52 week low of Rs. 97.65 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 157.15 and Rs. 140.70 respectively. The current market cap of the company is Rs. 4977.96 crore.

The Institutions and Non-Institutions held 25.97% and 74.03% stake respectively in the company.

Religare Enterprises (REL) has signed Share Purchase agreement for the proposed acquisition of MyInsuranceClub (MIC) an insurance web aggregator, from iGear Holdings, part of The Indian Express Group. The proposed acquisition, which is subject to regulatory approvals, is in line with Group’s strategy to further the growth of the insurance business and emerge as a stronger insurance player.

MIC is the first IRDAI approved web insurance distribution and comparison platform. It helps customers by offering a comparison of best insurance products available across India.

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

Peers

Company Name	CMP
Bajaj Finserv	1816.35
TVS Holdings	14470.85
RattanIndia Ent	37.79
Altius Telecom Infra	169.00
Authum Inv. & Infra	495.50
View more..

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