Ashish Kacholia, Mukul Agrawal pick up stake in Religare

MUMBAI: Shares of Religare Enterprises rallied nearly 5 per cent on Monday after value investor Ashish Kacholia and Mukul Agrawal bought stake in the company. Kacholia picked up 40 lakhs shares while Agrawal bought 26 lakh shares at Rs 44 per share on Monday, bulk deal data on the NSE showed. Axis Bank sold 90 lakh shares of Religare Enterprises.