Religare enterprises plans foray into strategic sectors
- ByStartupStory | March 2, 2022
The financial services company Religare Enterprises on Wednesday announced the company has become debt-free after repaying Rs 185.5 crore to its subsidiary Religare Finvest. Religare Enterprises plans to get into asset reconstruction, insurance banking and digital wealth management, among others
“We are pleased to announce that REL is completely debt free now. As a holding company, REL is providing the necessary growth capital to all its businesses and REL is all set to expand in new BFSI verticals, having synergies with existing businesses,” Rashmi Saluja, Chairperson of the company said in a regulatory filing to the exchanges on Wednesday.
Shares of Religare Enterprises Ltd surged over 3 percent on March 2 after the company informed exchanges that it was debt-free and was planning to foray into several new segments.
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