Religare Enterprises’ (REL), promoters have agreed to dilute their shareholding to 49% in the company in order to enable REL to qualify for applying for banking license under Guidelines for Licensing of New Banks in the Private Sector on its website on February 22, 2013. Further, the promoters have appointed Axis Capital as advisors for proposed stake sale.
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.
