Announced Fri, 7 Aug · 11:46 IST
RBI declines approval for Religare demerger scheme
RELIGARE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-10.5%1-day move
₹256.85
prior close
₹254.55
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0-1.7-3.9-5.1-10.5-11.5-7.7-8.6-8.5-9.2-9.0-0.7——
Up moveDown movePending
AI summary
The RBI has declined to approve Religare Enterprises' scheme to transfer its Demerged Undertaking to Religare Finvest. NSE and BSE had earlier given no-objection letters. Both REL and Religare Finvest will now engage with the RBI and provide further clarifications. The demerger plan faces a regulatory setback.
Likely market impact
RBI rejection is a setback for the demerger. Company will engage RBI for clarifications. Outcome uncertain, may delay or block the restructuring.