Religare Enterprises Limited has informed the Exchange about General Updates
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Religare Enterprises informed the exchanges that CARE Ratings has upgraded the credit rating of its material subsidiary, Religare Broking Limited. The rating for ₹500 crore in long-term and short-term bank facilities was raised from CARE BBB / CARE A3+ to CARE BBB+ (Stable) / CARE A2. The subsidiary was also removed from the Rating Watch with Positive Implications, and a stable outlook has been assigned. The upgrade was based on Religare Broking's operational and financial performance for FY25 (Audited). The rated facilities include bank guarantees and overdraft/cash credit lines from Axis Bank and HDFC Bank, along with some proposed unallocated limits.
Positive development for Religare Enterprises — the upgrade reflects improved financial health of its key broking subsidiary, which may help lower borrowing costs and strengthen overall group credit profile. It also signals better risk perception by lenders, which is generally viewed favorably by investors.