<h1>Religare Enterprises Acquires Shares in Care Health Insurance Ltd. Rights Issue</h1>
Religare Enterprises Limited (REL) has successfully subscribed for equity shares in the rights issue of Care Health Insurance Limited (CHIL), a subsidiary of Religare Enterprises. The allotment was completed on June 30, 2026, with the acquisition finalized on July 8, 2026.
The transaction involved REL acquiring 74,80,324 equity shares in CHIL. These shares were issued at a face value of INR 10 each and carried a premium of INR 150 per share. The total amount invested by Religare Enterprises Limited for these shares amounted to INR 1,19,68,51,840/-.
As noted during the transaction review, CHIL is a material unlisted subsidiary of Religare Enterprises Limited, and thus the investment in the rights issue constitutes a related party transaction. However, the acquisition was conducted at an arm's length basis, as the price offered was uniform to all shareholders.
Religare Enterprises Limited, registered with Reserve Bank of India (RBI) as a Core Investment Company (CIC), subscribed to shares of its subsidiary in line with its primary business of investment in securities and lending to group companies. The proceeds generated from the rights issue are designated to finance CHIL’s expansion plans and meet its statutory solvency requirements.
Acquisition Details Overview
The key details of Religare Enterprises Limited's acquisition of equity in Care Health Insurance Ltd. are summarized below:| Metric | Detail |
|---|---|
| Shares Acquired | 74,80,324 Equity shares |
| Face Value per Share | INR 10/- |
| Premium per Share | INR 150/- |
| Total Acquisition Cost | INR 1,19,68,51,840/- |
| Completion Date | July 08, 2026 |
Care Health Insurance Ltd. Profile and Financials
Care Health Insurance Limited (CHIL), the target entity, operates in the Health Insurance industry. As of March 31, 2026, CHIL has a presence in India with 277 branches and employs over 13,000 professionals. The company has served more than three million policyholders through its insurance business.The following table provides historical financial details for Care Health Insurance Ltd.:
| Financial Year | Turnover (INR Crores) |
|---|---|
| FY 2023-24 | 7,022 |
| FY 2024-25 | 8,562 |
| FY 2025-26 | 10,416 |
The acquisition involves the company's health insurance line of business, and Care Health Insurance Limited was incorporated on April 2, 2007.
RELIGARE Stock Price Movement
Religare Enterprises Limited shed 2.26% of its value, concluding trading today at ₹266.10 following a decline of ₹6.15. The stock registered significant activity in the close, with a total traded volume reported at 953,492 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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