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Religare Enterprises Limited ( (IN:RELIGARE) ) has provided an announcement.
Religare Enterprises Limited has announced a change in control as a result of an open offer acquisition by M.B. Finmart Private Limited, Puran Associates Private Limited, VIC Enterprises Private Limited, and Milky Investment & Trading Company. The acquirers have collectively acquired a substantial shareholding, now holding 25.16% of the outstanding paid-up share capital, positioning them as the new promoters of the company. This strategic acquisition is expected to impact Religare’s operational strategies and market positioning, potentially influencing its future financial performance and stakeholder interests.
More about Religare Enterprises Limited
Religare Enterprises Limited is a diversified financial services company in India. It primarily offers a range of financial products and services, including insurance, asset management, and lending solutions, focusing on catering to the diverse financial needs of its customers.
YTD Price Performance: -17.38%
Average Trading Volume: 72,478
Current Market Cap: 75.89B INR
For an in-depth examination of RELIGARE stock, go to TipRanks’ Stock Analysis page.