Religare denies news of Care Health Insurance demerger and listing
RELIGARE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 2.1 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
NSE and BSE asked Religare Enterprises about a Moneycontrol article hinting at a possible demerger and separate listing of Care Health Insurance. The company replied that there is no such event requiring disclosure under SEBI LODR rules. It confirmed no pending undisclosed information and said the article has no material impact. Religare added that it evaluates strategic opportunities on an ongoing basis and will make appropriate disclosures as required by regulations.
Company denies the demerger news and says nothing undisclosed. Investors should watch for any future official update on Care Health Insurance.