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- Religare Enterprises Ltd Share Price
234.99
0.64 (0.27%)
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Outperforms Index
12.3%
Return (1Y)
Beaten Nifty 50 by 6.96%
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More Volatile
2.62%
Standard Deviation (1Y)
Higher than Nifty 50 by 1.73%
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Not so consistent
6/12
Months
underperformed Nifty 50
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AxisDirect View
No View
320
202
News & Announcements
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Religare Enterprises EGM scheduled
12 days ago
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Religare Enterprises surges after Burman Family secures majority control
21 - Feb - 2025 12:00 | 38 days ago
This development comes despite a lukewarm response to their recent open offer to acquire an additional 26% stake (9,00,42,541 shares).
The Burman family's open offer saw minimal participation, with only 0.07% (2,31,025 shares) of the offered equity being tendered. However, the family already held a 21.10% stake in Religare Enterprises prior to the offer, which increased to 25.16% (8,32,01,819 equity shares) after the offer's conclusion.
Their position was already strengthened by open market purchases on 31 January 2024, where they acquired about 3.99% stake (1,32,00,000 equity shares). These acquisition were made through Burman family-owned entities M.B. Finmart Private Limited (MFPL), Puran Associates Private Limited (PAPL), VIC Enterprises Private Limited (VIC), and Milky Investment & Trading Company (MITC).
These strategic acquisitions have allowed the Burmans to effectively take control of Religare Enterprises. The share price surge reflects investor confidence in the Burman family's leadership. This takeover marks the end of a protracted dispute involving ousted chairperson Rashmi Saluja and US-based investor Danny Gaekwad.
Religare Enterprises is a diversified financial services group present across three verticals. It offers an integrated suite of financial services through its underlying subsidiaries and operating entities, including loans to SMEs, affordable housing finance, health insurance and retail broking.
On a consolidated basis, Religare Enterprises reported net loss of Rs 43.08 crore in Q3 December 2024 as against net profit of Rs 19.50 crore in Q3 December 2023. Total income rose 8.65% year-on-year to Rs 1,670.24 crore in Q3 December 2024.
Powered by Capital Market - Live News
-
Religare Enterprises reports consolidated net loss of Rs 43.08 crore in the December 2024 quarter
55 days ago
Religare Enterprises reports consolidated net loss of Rs 43.08 crore in the December 2024 quarter
04 - Feb - 2025 12:00 | 55 days ago
Net loss of Religare Enterprises reported to Rs 43.08 crore in the quarter ended December 2024 as against net profit of Rs 19.50 crore during the previous quarter ended December 2023. Sales rose 7.00% to Rs 237.37 crore in the quarter ended December 2024 as against Rs 221.85 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 237.37 221.85 7 OPM % -27.60 25.15 - PBDT -64.83 58.23 PL PBT -78.90 40.73 PL NP -43.08 19.50 PL Powered by Capital Market - Live News
-
Religare Enterprises surges after Burman Family secures majority control
21 - Feb - 2025 12:00 | 38 days ago
This development comes despite a lukewarm response to their recent open offer to acquire an additional 26% stake (9,00,42,541 shares).
The Burman family's open offer saw minimal participation, with only 0.07% (2,31,025 shares) of the offered equity being tendered. However, the family already held a 21.10% stake in Religare Enterprises prior to the offer, which increased to 25.16% (8,32,01,819 equity shares) after the offer's conclusion.
Their position was already strengthened by open market purchases on 31 January 2024, where they acquired about 3.99% stake (1,32,00,000 equity shares). These acquisition were made through Burman family-owned entities M.B. Finmart Private Limited (MFPL), Puran Associates Private Limited (PAPL), VIC Enterprises Private Limited (VIC), and Milky Investment & Trading Company (MITC).
These strategic acquisitions have allowed the Burmans to effectively take control of Religare Enterprises. The share price surge reflects investor confidence in the Burman family's leadership. This takeover marks the end of a protracted dispute involving ousted chairperson Rashmi Saluja and US-based investor Danny Gaekwad.
Religare Enterprises is a diversified financial services group present across three verticals. It offers an integrated suite of financial services through its underlying subsidiaries and operating entities, including loans to SMEs, affordable housing finance, health insurance and retail broking.
On a consolidated basis, Religare Enterprises reported net loss of Rs 43.08 crore in Q3 December 2024 as against net profit of Rs 19.50 crore in Q3 December 2023. Total income rose 8.65% year-on-year to Rs 1,670.24 crore in Q3 December 2024.
Powered by Capital Market - Live News
-
Religare Enterprises reports consolidated net loss of Rs 43.08 crore in the December 2024 quarter
55 days ago
Religare Enterprises reports consolidated net loss of Rs 43.08 crore in the December 2024 quarter
04 - Feb - 2025 12:00 | 55 days ago
Net loss of Religare Enterprises reported to Rs 43.08 crore in the quarter ended December 2024 as against net profit of Rs 19.50 crore during the previous quarter ended December 2023. Sales rose 7.00% to Rs 237.37 crore in the quarter ended December 2024 as against Rs 221.85 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 237.37 221.85 7 OPM % -27.60 25.15 - PBDT -64.83 58.23 PL PBT -78.90 40.73 PL NP -43.08 19.50 PL Powered by Capital Market - Live News
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Religare Enterprises has allotted 48,000 equity shares under ESOP on 03 February 2025. Consequently, the paid up equity share capital has increased to Rs. 3,30,65,36,630/- divided into 33,06,53,663 equity shares of Rs. 10/- each.
Powered by Capital Market - Live News
-
Religare Enterprises EGM scheduled
12 days ago
-
Religare Enterprises surges after Burman Family secures majority control
21 - Feb - 2025 12:00 | 38 days ago
This development comes despite a lukewarm response to their recent open offer to acquire an additional 26% stake (9,00,42,541 shares).
The Burman family's open offer saw minimal participation, with only 0.07% (2,31,025 shares) of the offered equity being tendered. However, the family already held a 21.10% stake in Religare Enterprises prior to the offer, which increased to 25.16% (8,32,01,819 equity shares) after the offer's conclusion.
Their position was already strengthened by open market purchases on 31 January 2024, where they acquired about 3.99% stake (1,32,00,000 equity shares). These acquisition were made through Burman family-owned entities M.B. Finmart Private Limited (MFPL), Puran Associates Private Limited (PAPL), VIC Enterprises Private Limited (VIC), and Milky Investment & Trading Company (MITC).
These strategic acquisitions have allowed the Burmans to effectively take control of Religare Enterprises. The share price surge reflects investor confidence in the Burman family's leadership. This takeover marks the end of a protracted dispute involving ousted chairperson Rashmi Saluja and US-based investor Danny Gaekwad.
Religare Enterprises is a diversified financial services group present across three verticals. It offers an integrated suite of financial services through its underlying subsidiaries and operating entities, including loans to SMEs, affordable housing finance, health insurance and retail broking.
On a consolidated basis, Religare Enterprises reported net loss of Rs 43.08 crore in Q3 December 2024 as against net profit of Rs 19.50 crore in Q3 December 2023. Total income rose 8.65% year-on-year to Rs 1,670.24 crore in Q3 December 2024.
Powered by Capital Market - Live News
-
Religare Enterprises reports consolidated net loss of Rs 43.08 crore in the December 2024 quarter
55 days ago
Religare Enterprises reports consolidated net loss of Rs 43.08 crore in the December 2024 quarter
04 - Feb - 2025 12:00 | 55 days ago
Net loss of Religare Enterprises reported to Rs 43.08 crore in the quarter ended December 2024 as against net profit of Rs 19.50 crore during the previous quarter ended December 2023. Sales rose 7.00% to Rs 237.37 crore in the quarter ended December 2024 as against Rs 221.85 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 237.37 221.85 7 OPM % -27.60 25.15 - PBDT -64.83 58.23 PL PBT -78.90 40.73 PL NP -43.08 19.50 PL Powered by Capital Market - Live News
-
Religare Enterprises has allotted 48,000 equity shares under ESOP on 03 February 2025. Consequently, the paid up equity share capital has increased to Rs. 3,30,65,36,630/- divided into 33,06,53,663 equity shares of Rs. 10/- each.
Powered by Capital Market - Live News
-
Religare Enterprises EGM scheduled
12 days ago
-
Religare Enterprises surges after Burman Family secures majority control
21 - Feb - 2025 12:00 | 38 days ago
This development comes despite a lukewarm response to their recent open offer to acquire an additional 26% stake (9,00,42,541 shares).
The Burman family's open offer saw minimal participation, with only 0.07% (2,31,025 shares) of the offered equity being tendered. However, the family already held a 21.10% stake in Religare Enterprises prior to the offer, which increased to 25.16% (8,32,01,819 equity shares) after the offer's conclusion.
Their position was already strengthened by open market purchases on 31 January 2024, where they acquired about 3.99% stake (1,32,00,000 equity shares). These acquisition were made through Burman family-owned entities M.B. Finmart Private Limited (MFPL), Puran Associates Private Limited (PAPL), VIC Enterprises Private Limited (VIC), and Milky Investment & Trading Company (MITC).
These strategic acquisitions have allowed the Burmans to effectively take control of Religare Enterprises. The share price surge reflects investor confidence in the Burman family's leadership. This takeover marks the end of a protracted dispute involving ousted chairperson Rashmi Saluja and US-based investor Danny Gaekwad.
Religare Enterprises is a diversified financial services group present across three verticals. It offers an integrated suite of financial services through its underlying subsidiaries and operating entities, including loans to SMEs, affordable housing finance, health insurance and retail broking.
On a consolidated basis, Religare Enterprises reported net loss of Rs 43.08 crore in Q3 December 2024 as against net profit of Rs 19.50 crore in Q3 December 2023. Total income rose 8.65% year-on-year to Rs 1,670.24 crore in Q3 December 2024.
Powered by Capital Market - Live News
-
Religare Enterprises reports consolidated net loss of Rs 43.08 crore in the December 2024 quarter
55 days ago
Religare Enterprises reports consolidated net loss of Rs 43.08 crore in the December 2024 quarter
04 - Feb - 2025 12:00 | 55 days ago
Net loss of Religare Enterprises reported to Rs 43.08 crore in the quarter ended December 2024 as against net profit of Rs 19.50 crore during the previous quarter ended December 2023. Sales rose 7.00% to Rs 237.37 crore in the quarter ended December 2024 as against Rs 221.85 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 237.37 221.85 7 OPM % -27.60 25.15 - PBDT -64.83 58.23 PL PBT -78.90 40.73 PL NP -43.08 19.50 PL Powered by Capital Market - Live News
-
Religare Enterprises surges after Burman Family secures majority control
21 - Feb - 2025 12:00 | 38 days ago
This development comes despite a lukewarm response to their recent open offer to acquire an additional 26% stake (9,00,42,541 shares).
The Burman family's open offer saw minimal participation, with only 0.07% (2,31,025 shares) of the offered equity being tendered. However, the family already held a 21.10% stake in Religare Enterprises prior to the offer, which increased to 25.16% (8,32,01,819 equity shares) after the offer's conclusion.
Their position was already strengthened by open market purchases on 31 January 2024, where they acquired about 3.99% stake (1,32,00,000 equity shares). These acquisition were made through Burman family-owned entities M.B. Finmart Private Limited (MFPL), Puran Associates Private Limited (PAPL), VIC Enterprises Private Limited (VIC), and Milky Investment & Trading Company (MITC).
These strategic acquisitions have allowed the Burmans to effectively take control of Religare Enterprises. The share price surge reflects investor confidence in the Burman family's leadership. This takeover marks the end of a protracted dispute involving ousted chairperson Rashmi Saluja and US-based investor Danny Gaekwad.
Religare Enterprises is a diversified financial services group present across three verticals. It offers an integrated suite of financial services through its underlying subsidiaries and operating entities, including loans to SMEs, affordable housing finance, health insurance and retail broking.
On a consolidated basis, Religare Enterprises reported net loss of Rs 43.08 crore in Q3 December 2024 as against net profit of Rs 19.50 crore in Q3 December 2023. Total income rose 8.65% year-on-year to Rs 1,670.24 crore in Q3 December 2024.
Powered by Capital Market - Live News
-
Religare Enterprises reports consolidated net loss of Rs 43.08 crore in the December 2024 quarter
55 days ago
Religare Enterprises reports consolidated net loss of Rs 43.08 crore in the December 2024 quarter
04 - Feb - 2025 12:00 | 55 days ago
Net loss of Religare Enterprises reported to Rs 43.08 crore in the quarter ended December 2024 as against net profit of Rs 19.50 crore during the previous quarter ended December 2023. Sales rose 7.00% to Rs 237.37 crore in the quarter ended December 2024 as against Rs 221.85 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 237.37 221.85 7 OPM % -27.60 25.15 - PBDT -64.83 58.23 PL PBT -78.90 40.73 PL NP -43.08 19.50 PL Powered by Capital Market - Live News
-
Religare Enterprises has allotted 48,000 equity shares under ESOP on 03 February 2025. Consequently, the paid up equity share capital has increased to Rs. 3,30,65,36,630/- divided into 33,06,53,663 equity shares of Rs. 10/- each.
Powered by Capital Market - Live News
Stock Trivia
MF shareholding in Religare Enterprises Ltd has decreased by -3.58% since past 3 Months
Religare Enterprises Ltd has the Lowesr P/E ratio according to FY 202403 data among stocks in Finance Sector
MF shareholding in Religare Enterprises Ltd has decreased by -3.58% since past 3 Months
FII shareholding in Religare Enterprises Ltd has increased by 7.61% since past 1 Year
MF shareholding in Religare Enterprises Ltd has increased by 151.55% since past 1 Year
Religare Enterprises Ltd has the Lowesr P/E ratio according to FY 202403 data among stocks in Finance Sector
MF shareholding in Religare Enterprises Ltd has decreased by -3.58% since past 3 Months
Religare Enterprises Ltd has the Lowesr P/E ratio according to FY 202403 data among stocks in Finance Sector
