Religare Enterprises has received approval from Insurance Regulatory and Development Authority of India (IRDAI) for acquisition of 100% stake in MIC Insurance Web Aggregator (MIC) subject to certain conditions (as contained in the letter granting approval) and communicated the same to MIC.
The consummation of the acquisition of MIC is subject to fulfillment of conditions precedent as per the Share Purchase Agreement.
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.
