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RELIGARE ENTERPRISES RESTRUCTURING
Burmans raise stake in Religare to 30% via open market purchasesThe Burman family is making waves in the financial sector by increasing their stake in Religare Enterprises to roughly 30%. This strategic ...- Religare Finvest offers to pay Rs 2,300 crore to lenders in bid to avert bankruptcyLenders have repeatedly rejected proposals to restructure the distressed finance company's debt and, in February, requested the Reserve Ban...
- Religare Enterprises falls 3% as subsidiary defaults on interest paymentThe company defaulted on an interest amount of Rs 2.41 crore, Religare Enterprises said in a regulatory filing.
- Religare Enterprises challenges tagging of RFL as fraud account by lendersRBI in a communication dated February 11 advised that "restructuring of RFL cannot be implemented with REL continuing as a promoter, as RFL...
- RBI rejects Religare Finvest's proposal to rename itselfAs per the RBI's regulations, lenders cannot restructure loans of borrowers tagged as fraud, unless there is a change in management. Lender...
- Religare Finvest debt recast at final stages; NBFC to reboot in JanuaryWith debt recast at final stages, Religare Finvest Ltd (RFL) is all set to restart its business come new year 2022, Religare Enterprises Lt...
- Religare Finvest's debt restructuring plan enters final stageRFL, an NBFC arm of Religare Enterprises Ltd, has been barred from undertaking fresh business as it is under corrective action plan of the ...
- We are gearing up for Religare 2.0: Rashmi Saluja“We are positive that the Religare restructuring process will go through .”
- Expect Religare Finvest's debt restructuring to be over in 2 months, says officialThe earlier DR plan was rejected by the Reserve Bank of India (RBI) in March 2020 as the suitor--TCG Advisory Pvt. Ltd, a part of The Chatt...
- Mumbai-based U GRO Capital likely to buy Religare Finvest for Rs 400 croreThe sale was a part of the company’s debt resolution process. Religare Enterprise was originally promoted by Malvinder and Shivinder Singh ...
- Religare gets interest from some investors for RFL; introduces them to lendersAccording to banking sources, Religare Enterprises introduced a couple of investors for RFL to lenders in a meeting with bankers held recen...
- Worst is behind, likely to complete RFL debt restructuring by December: Religare Enterprises chairpersonRFL, a NBFC arm of Religare Enterprises Ltd, has been barred from undertaking fresh business as it is under corrective action plan (CAP) of...
- Religare Enterprises climbs 3% on Religare Finvest stake sale talksThe group is expecting to finalise a binding agreement with the investor by the end of the year, ET reported.
- Religare in talks to divest majority stake in lending armPeople familiar with the matter said that Religare has been in discussions with a local strategic investor with interest in the BFSI space ...
- Religare to sell its stake in NBFC arm to TCG Advisory for Rs 330 croreThe companies signed a share purchase agreement on Tuesday, it said. The parties had signed a binding term sheet on July 10.
- Religare to sell NBFC arm to TCG Advisory for Rs 330 croreThe funds will be utilised to repay the outstanding loans to group companies.
- Sebi allows Religare Finvest to sell assets to ARCs, restructure debt, raise capitalReligare Finvest had sought relaxation from Sebi while the investigation was ongoing.
- Religare Enterprises sets up 2 new wholly owned subsidiariesThe financial services firm had said that it would reorganise its existing businesses into three separate listed entities with a view to un...
- Religare set for 3-Way split to unlock valueSunil Godhwani, chairman and managing director of the company will chair the committee, which give recommendations to the Board in due cour...
- Religare Commodities becomes wholly-owned arm of Religare SecuritiesThe move will help bring together the company's commodities and equity broking businesses under one roof.
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