NSEGeneral Updates7 Aug 2026 · 7 Aug 2026, 11:46 am
General Updates
Religare Enterprises Limited · RELIGARE
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Religare Enterprises Limited has informed the Exchange about an update on the demerger scheme involving the transfer of the demerged undertaking to Religare Finvest Limited, but the RBI has not given its no-objection/prior approval for the scheme.
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Full Announcement
Religare Enterprises Limited has informed the Exchange about Intimation under Regulation 30 of SEBI LODR Regulations 2015-Update on Demerger Scheme
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RELIGARE_07082026114525_RELUPDATE07082026_RBI.pdf
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Date: August 7, 2026
The General Manager, The Manager – Listing Compliance,
Department of Corporate Services, National Stock Exchange of India Limited,
BSE Limited, ‘Exchange Plaza’, C-1, Block G,
P.J. Towers, Dalal Street, Bandra Kurla Complex, Bandra (E),
Mumbai – 400 001 Mumbai – 400 051
Scrip Code – 532915 Symbol: RELIGARE
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI LODR
Regulations”).
Ref: Scheme of Arrangement involving transfer of the Demerged Undertaking (as defined therein) of
Religare Enterprises Limited (“REL” or the “Company”) to Religare Finvest Limited (“RFL”)
pursuant to Sections 230 to 232 read with Section 52, Section 66 and other applicable
provisions of the Companies Act, 2013 (the “Scheme”).
We refer to our earlier intimation dated February 14, 2026, intimating the approval of the Scheme by the Board
of Directors of the Company, subject to receipt of the requisite regulatory and statutory approvals. We also
refer to our subsequent intimation dated July 7, 2026, intimating about the receipt of the observation letter
with ‘no objection’ from National Stock Exchange of India Limited and the observation letter with ‘no adverse
observations’ from BSE Limited, in relation to the Scheme.
In continuation thereof, the Company and RFL had made applications to the Reserve Bank of India (“RBI”)
seeking its no-objection / prior approval for the Scheme. The Company has received a letter dated August 6,
2026, from the RBI, conveying that the application has been examined and that the request has not been
acceded to. A similar communication dated August 07, 2026 has been received by RFL as well in this regard.
REL and RFL shall engage with the Regulator and provide further clarifications, as may be required in this
regard.
We request you to take the above information on record and treat the same as compliance with the applicable
provisions of the SEBI LODR Regulations.
Yours sincerely,
For Religare Enterprises Limited
Babu Rao P.
Group General Counsel & Group Chief Compliance Officer
Religare Enterprises Limited
CIN: L74899DL1984PLC146935
Registered Office: First Floor, Office No. 101, 2E/23, Jhandewalan Extn., New Delhi – 110055 Phone No.: +91-11- 4167 9692
Corporate Office: 1st Floor, Tower A, Club 125, Plot A-3,4, 5, Sector -125, Noida – 201301, Uttar Pradesh Phone No.: +91-120- 4384 941
www.religare.com / investorservices@religare.com