Religare Enterprises gains as its arm eyeing to restart business operation in 2023
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Religare Enterprises is currently trading at Rs. 170.50, up by 0.55 points or 0.32% from its previous closing of Rs. 169.95 on the BSE.
The scrip opened at Rs. 173.95 and has touched a high and low of Rs. 173.95 and Rs. 166.90 respectively. So far 17264 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 192.30 on 28-Nov-2022 and a 52 week low of Rs. 97.65 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 173.95 and Rs. 150.15 respectively. The current market cap of the company is Rs. 5474.98 crore.
The Institutions and Non-Institutions held 25.23% and 74.77% stake in the company.
Religare Enterprises’ NBFC arm--- Religare Finvest (RFL) is eyeing to restart its business operation in the New Year 2023 following the company's proposal of Rs 2,300 crore One Time Settlement (OTS) finding favour from most of the lenders. Once the OTS process is completed, RFL will come out of the Corrective Action Plan (CAP) imposed by the Reserve Bank of India (RBI) in January 2018 due to its weak financial health.
Religare Enterprises is one of India’s leading diversified financial services groups. It offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management.
