Religare Enterprises Invests in Subsidiary Broking Arm Through Rights Issue
Religare Enterprises Limited (REL) has completed the acquisition of equity shares in Religare Broking Limited (RBL), its wholly owned subsidiary. The investment, which took place during RBL's rights issue, totaled INR 100,00,00,020/-.The allotment of 4,21,05,264 equity shares of RBL was finalized on August 21, 2026. Each share had a face value of INR 10/- and was acquired at a premium of INR 13.75/-.
Religare Enterprises Limited, which operates as a Core Investment Company (CIC) registered with the Reserve Bank of India (RBI), utilized the funds to acquire the shares of its subsidiary. The proceeds from the rights issue of RBL are designated for the general business operations of the company, including the scaling up of the margin trade financing book (MTF) and meeting working capital requirements.
RBL, a key entity in the stock broking sector, has built a significant operational presence. As of June 30, 2026, RBL serves 2.4 Lakh active customers and operates through 50 branches and approximately 1100 business partners.
The investment represents a related party transaction, as RBL is a material unlisted wholly owned subsidiary of REL. However, the transaction was conducted at arm's length, since the price was uniformly offered to all shareholders.
Details regarding the target entity, RBL, and the financial transaction are provided below.
| Financial and Operational Details of Religare Broking Limited (RBL) | Information |
|---|---|
| Target Entity | Religare Broking Limited (RBL) |
| Core Business | Stock Broking and Depository services |
| Date of Incorporation | July 20, 2016 |
| Operations | India |
| Scale (as of June 30, 2026) | 50 Branches and approximately 1100 Business Partners |
| Customers Served | 2.4 Lakh active customers |
Financial Performance of RBL
The turnover of RBL over the past three fiscal years is detailed as follows:| Fiscal Year | Turnover (in Rs. Crores) |
|---|---|
| FY 2023-24 | 324.92 |
| FY 2024-25 | 325.96 |
| FY 2025-26 | 315.03 |
Transaction Summary
| Detail | Information |
|---|---|
| Shares Acquired | 4,21,05,264 equity shares |
| Acquisition Cost | INR 100,00,00,020/- |
| Acquisition Method | Cash |
RELIGARE Stock Price Movement
Today, shares of Religare Enterprises Limited closed higher after trading on the equity market, achieving a 0.68% gain and settling at ₹228.45. The stock traded within an intraday range of ₹226.85 to ₹231.25, with approximately 1.34 million shares transacted during the session.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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