The Burman family plans to establish its presence in financial services through its open offer to Religare Enterprises—a holding company with four business verticals: insurance, financing, broking, and e-governance.It has a shareholding of 21.17% in Religare, as of December 2023.The family has investments across various sectors such as home healthcare, restaurants, insurance, consumer goods and FMCG.In September last year, the Burman family announced an open offer to buy 26% stake in…
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Category: Religare
HDFC Bank Share Target Price 2024: Religare Broking BULLISH on stock – Check details
The Bank is yet to see the synergies from the merger, which will enable higher cross-selling of products to existing customers, said the brokerage firm.The Private Sector lending bank posted its financial results for the third quarter of FY24 on January 16, 2024. (Image: istock/ET Now News) Subscribe for latest updates Unsubscribe for latest updates HDFC Bank Share Target Price: The brokerage firm Religare is bullish on HDFC Bank stock, foreseeing a potential upside of over 19 per cent….
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Religare Finvest Ltd: Religare Finvest funds diverted to UK tax haven Jersey, says Enforcement Directorate
The Religare Finvest Ltd (RFL) money laundering probe by the Directorate of Enforcement (ED) has found that funds were was diverted to British tax haven Jersey, according to people in the know. The federal agency had recently reached out to Jersey’s authorities, the biggest of the Channel Islands, seeking information about the alleged proceeds of crime.The information had been sought via a letter rogatory (LR), a formal request from one jurisdiction to another seeking assistance. As per…
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Battle for Religare: Regulator enters the picture
MUMBAI :The battle for Religare Enterprises Ltd (REL) has taken a new turn, with the Securities and Exchange Board of India (Sebi) beginning an inquiry into a sale of shares by chairperson Rashmi Saluja immediately before the Burman family announced an open offer for the financial services conglomerate.
The battle for Religare Enterprises Ltd (REL) has taken a new turn, with the Securities and Exchange Board of India (Sebi) beginning an inquiry into a sale…
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Religare Supported 3rd National Curling Championship Culminates at Gulmarg – The Kashmir Horizon
Gulmarg: The third edition of the National Curling Championship, supported by Religare Enterprises Ltd and its entity, Religare Broking Ltd, has concluded at Gulmarg. The tournament, organised by the Curling Federation of India (CFI), showcased exceptional skill and sportsmanship. Over 300 athletes from 18 Indian states and Union territories engaged in intense battles across sub-junior, junior, and senior categories, creating a memorable spectacle in the icy arena.Impressive performances…
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ED Concludes Searches In Religare Finvest Case; Documents, Digital Data Seized
“Pursuant to Regulation 30 of the Listing Regulations, we wish to inform that the Enforcement Directorate officials, basis a complaint made by the present management of Religare Finvest Limited, wholly owned subsidiary company of Religare Enterprises Limited (REL/Company) and pursuant to the ongoing investigation with respect to Corporate Loan Book, collected relevant information/ documents on January 05, 2024 to expedite the investigation as per request made by RFL recently,” the company…
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ED searches 9 offices in RFL money laundering probe, seizes incriminating documents
New Delhi: The Enforcement Directorate (ED) late on Friday conducted searches at nine locations, including the offices of Religare Finvest Ltd and RHC Holdings. These were part of an ongoing money laundering investigation involving the embezzlement of over ₹2,000 crore from Religare Finvest Ltd (RFL), people familiar with the development said on Saturday.
Religare Requests ED To Expedite Probe Into Money Allegedly Siphoned Off By Erstwhile Promoters
New Delhi, Jan 6 (PTI): Religare Enterprises Ltd. on Saturday said it has requested Enforcement Directorate to expedite investigation into money allegedly siphoned off by erstwhile promoters.ED officials, on the basis of a complaint by the present management of Religare Finvest Ltd—a subsidiary of REL—and pursuant to the ongoing investigation with respect to corporate loan book, collected relevant information/documents on Jan. 5, to expedite the investigation as per request made by RFL…
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