Just another SmallNews Site
Religare says the RBI has rejected Burman family’s open offer bid, but the Burmans clarify that the central bank has asked the board to make the necessary applications to the banking regulator
Mohit Burman(left), chairman, Dabur and Rashmi Saluja, who is the executive chairperson of Religare Enterprises Image: Burman: Amit Verma On Monday, Religare Enterprises notified stock exchanges that the Reserve Bank of India…
Read More…
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Monday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded flat as the index was up 105.50 points or 0.48% at 21,955.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 gained 64.55 points or 0.30% to settle at 21,782.50, while the BSE Sensex closed 167.06 points or…
Read More…
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Monday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded flat as the index was up 105.50 points or 0.48% at 21,955.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 gained 64.55 points or 0.30% to settle at 21,782.50, while the BSE Sensex closed 167.06 points or…
Read More…
The Reserve Bank of India (RBI) has refused to give prior permission to the Burman family for its open offer proposal for Religare Enterprises (REL). In its letter dated February 5, the regulator has stated that the proposal cannot be acceded to as the application should be submitted by the non-banking financial company (NBFC) and not the potential acquirer.
The move gains importance as it could complicate the takeover of Religare by the Burman family, the owners of Dabur India, who are…
Read More…
Religare Enterprises (NSE:RELIGARE) Third Quarter 2024 ResultsKey Financial Results Revenue: ₹15.4b (up 32% from 3Q 2023). Net income: ₹195.0m (up from ₹1.17b loss in 3Q 2023). Profit margin: 1.3% (up from net loss in 3Q 2023). EPS: ₹0.61 (up from ₹3.64 loss in 3Q 2023). NSEI:RELIGARE Earnings and Revenue History February 9th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Religare Enterprises shares are down 2.6% from a week ago. Risk…
Read More…
Religare Enterprises (NSE:RELIGARE) Third Quarter 2024 ResultsKey Financial Results Revenue: ₹15.4b (up 32% from 3Q 2023). Net income: ₹195.0m (up from ₹1.17b loss in 3Q 2023). Profit margin: 1.3% (up from net loss in 3Q 2023). EPS: ₹0.61 (up from ₹3.64 loss in 3Q 2023). NSEI:RELIGARE Earnings and Revenue History February 9th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Religare Enterprises shares are down 2.6% from a week ago. Risk…
Read More…
Sales rise 15.10% to Rs 221.85 croreNet profit of Religare Enterprises reported to Rs 19.50 crore in the quarter ended December 2023 as against net loss of Rs 117.00 crore during the previous quarter ended December 2022. Sales rose 15.10% to Rs 221.85 crore in the quarter ended December 2023 as against Rs 192.75 crore during the previous quarter ended December 2022. ParticularsQuarter EndedDec. 2023Dec. 2022% Var.Sales221.85192.75 15 OPM %25.1575.22 -PBDT58.23-64.48 LP PBT40.73-78.61 LP…
Read More…
A week after getting the permission from the Competition Commission of India to go ahead with the acquisition of Religare Enterprises, the Burman family acquired additional 4% stake in the company on Wednesday through open market transactions today through its through three entities – MB Finmart, Puran Associates and VIC Enterprises at around Rs 234 per share. The overall stake of Burmans in Religare Enterprises now stands at 25.18%.
While MB Finmart and Puran Associates acquired 4.4…
Read More…
Equity markets rebounded from Tuesday’s losses by gaining nearly 1% on Wednesday. All eyes will be on the interim Budget, despite low expectations, for further cues in the near future. In today’s trade, shares of Titan, Adani Ports, Adani Enterprises, Religare Enterprises among others will be in focus due to various developments and quarterly results.Godrej ConsumerGodrej Consumer’s consolidated net profit rose 6% year-on-year to Rs 581 crore in the December quarter. Revenue from operations…
Read More…
Burman family entities on Wednesday acquired an extra 4% stake in Religare Enterprises Ltd to raise their holding to 25.18%, securing veto rights on special resolutions at the financial services company.
Before this, the four entities of the Burman family held around 21.18%.