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Religare Enterprises clears ₹163.75 crore debt, becomes debt-free

"Upon such re-payment, the company has now become an external debt-free entity," the financial services company stated in an exchange filing on September 19, 2024.

Mint

Delhi High Court issues notice to RoC, Religare in Burman's plea over AGM extension

The dispute centres on the reappointment of chairperson Rashmi Saluja and an ongoing power struggle between the Burman family and Religare's management.

Mint

Stock market today: Trade setup for Nifty 50 to US Fed rate cut buzz, five stocks to buy or sell on Wednesday — Sept 18

Stock Market Today- The two-day Federal Open Market Committee (FOMC) meeting started on 17 Sept. and markets remain watchful on the outcome by Wednesday night. Religare's Ajit Mishra recommends continuing with a “buy on dips” strategy. Some sectors are presenting stock-specific buying opportunities

Mint

Defence, Railways, Capital goods sectors trading at elevated valuations: Prefer IT, Private Banks - Religare's Mishra

Expert Views: Sectors as Defence, Railways, Capital goods are still trading at elevated valuations, said Ajit Mishra – SVP Research, Religare Broking Ltd. He prefers private banks and IT, despite short-term hurdles while advices Investors to exercise caution with mid and small-cap stocks

Business Standard

Ajit Mishra of Religare Broking recommends buying these stocks on Sept 12

We are seeing noticeable traction in the FMCG counters and ITC is trading in sync with the move. It has formed a buying pivot, after registering a breakout from bullish continuation pattern.

Business Line

Religare Takeover Battle: ED Registers FIR against Chairperson Saluja, top REL officials

The ED’s FIR has listed charges under IPC sections 420 and 120B against Saluja, group CFO Nitin Agarwal, and President and General Counsel Nishant Singhal

Mint

Stocks to Buy: ITC remains a key technical pick of Religare Broking: Expects more than 8% upside

Stocks to Buy: ITC remains a key technical pick of Religare Stock Broking who expects the ITC share to gain more than 8% from current levels. Check for key recommended levels and further details

Mint

Stock to Buy- BLS International remains technical of Religare Broking : Expects more than14% upside for the stock

Stock to Buy- BLS International remains technical pick of Religare Broking who expects 14% upside for the stock. Here are key technical details and rationale for investment. Check Details

Mint

Religare CFO Nitin Aggarwal said to have resigned, company yet to notify stock exchanges

The development comes as the company's management battles a takeover bid by the Burman family and its AGM was postponed by three months to December.

Mint

Religare defers AGM to December, irks investors

The delay becomes crucial as chairperson Rashmi Saluja was up for reappointment at this AGM, initially scheduled for September

Hindustan Times

ED summons Dabur's Mohit Burman in Religare money laundering probe: Report

The probe is related to the Burman family's open offer to the shareholders of Religare Enterprises (REL), as per a report by The Economic Times.

The Economic Times

ED summons Dabur chief Mohit Burman, others for money laundering probe in Religare open offer case

The Enforcement Directorate (ED) has summoned Dabur India chairman Mohit Burman and three independent directors from Care Health Insurance in connection with a money laundering investigation related to the Burman family's open offer for Religare Enterprises (REL). The probe, sparked by complaints from REL shareholder Vaibhav Gawli, is examining whether funds from Religare Finvest were improperly funneled into the open offer.

Business Standard

SAT stays Irdai order against Religare's Saluja, Care Health in ESOP case

However, chairperson Saluja prohibited from exercising pending ESOPs

The Economic Times

IRDAI puts Care Health Insurance on notice over ESOPs to Saluja

India's insurance regulator, IRDAI, has issued a show cause notice to Care Health Insurance, a subsidiary of Religare Enterprises, regarding the grant of stock options to Rashmi Saluja, who serves as the chairperson of Religare. The notice alleges that Care Health Insurance violated IRDAI directions by issuing stock options to Saluja despite prior refusal in May 2022. Saluja, an executive chairperson at Religare, was granted these options as an employee, though she is a non-executive director at Care.

Business Standard

SAT directs Religare to comply with Sebi directions on Burman open offer

Told to file application with RBI, Irdai by July 22 along with concerns on 'fit & proper' status of Burmans

Business Line

Stocks that will see action today: July 2, 2023

Buzzing stocks: DCX Systems, Cupid, Religare Enterprises, Patanjali Foods, IOL Chemicals, ITC Hotels

Mint

Nifty 50 July series: From Vedanta to Biocon—4 stocks where investors can park their money; Do you own?

Vedanta, Biocon, United Breweries Ltd (UBL), and Indus Tower are the top picks for the June series, according to Religare Broking. Here's why the brokerage sees the stocks outperforming this month.