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RELIGARE FINVEST NEWS
Burman-backed Religare Enterprises announces demerger to unlock shareholder valueReligare Enterprises Ltd (REL), backed by the Burman family, has approved a plan to split its financial services and insurance businesses i...- School Assembly Headlines for July 24: Top national, international, sports and business updatesIndia is set to resume tourist visas for Chinese nationals after five years, while the Rajya Sabha will debate the Pahalgam attack. A Ghazi...
- From Singh Brothers to Burman brothers, Religare's promoter blues continueAllegations, counter-allegations and the registering of an FIR against the promoters suggest REL has still not overcome its problems even t...
- Religare Finvest puts an end to legacy issues, completes one-time settlement with lendersSince January 2018, when the new management took over, Religare Finvest has repaid over Rs 9,000 crore to its lenders from its collections ...
- Sebi issues Rs 48.15 cr demand notice to Singh brothers, 5 others in Religare Finvest fund diversion caseThe diversion of funds was never disclosed to the shareholders of REL, which misled them to remain invested in the shares of REL or deal in...
- Stocks in news: Coal India, Maruti Suzuki, Tata Motors, Eicher Motors, NDTV, MOILFounders Prannoy Roy and Radhika Roy will receive a little over Rs 602 crore for selling 27.26% stake in the news broadcaster to Adani Ente...
- Sebi bars Singh brothers, former promoters of Religare Enterprise from marketsThese RHC group companies were in turn entirely held by Shivinder Singh and Malvinder through Shivi Holdings and Malav Holdings. Religare F...
- 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 to raise Rs 570 cr via preferential sharesThe proposal was cleared by shareholders in the Extraordinary General Meeting (EGM) of the company held on Saturday, July 3.
- 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.
- EoW files case against LVB, Singh Bros for fraudA first information report (FIR) has also been filed following a complaint by RFL, which claimed that it has been duped and hundreds of tho...
- 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.
- The week that was: Religare’s sharp upmove; losing streak for Manpasand, Cox & KingsHere’s a look at stocks which were in limelight althrough the week.
- Sebi directs Singh brothers, 8 other entities to repay over Rs 403 crore to Fortis HealthcareSingh brothers and the eight entities have also been directed not to dispose of any of their assets.
- Is Religare slipping off promoters’ hands?Holding of the Singh brothers down to an all-time low of 13%
- Billionaire Singh brothers accused in lawsuit of siphoning moneyThe case pulls back the curtain on one of India’s highest profile corporate meltdowns, which erased nearly half a billion dollars of Religa...
- Debt Recovery Tribunal to auction Deccan Chronicle promoters’ private jetICICI was among dozen odd lenders that dragged the DCHL promoters to various courts involving defaults and cheque bounces.
- IPO-financing is back in currency with Bharti issue; brokers, NBFCs freeing up capital for individual investorsNBFCs which make a lot of money disbursing short-term IPO loans, are freeing up capital in anticipation of a turnaround in primary market.
- Panel finds violations in banks’ lending to Deccan Chronicle, recommends tightening of norms by PSBsThe panel confined its investigations to state-owned lenders that together lent about Rs1,500 crore to DCHL.
- GTL Ltd, GTL Infra nosedive on firesale rumoursShares of GTL and GTL Infra continued dramatic plunge on speculation that lenders have begun selling shares pledged by promoters.
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