Religare Enterprises Limited has informed the Exchange about General Updates
RELIGARE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Religare Enterprises has informed the stock exchanges that the National Company Law Tribunal (NCLT), New Delhi, has approved a Scheme of Arrangement between two of its group companies — Religare Broking Limited (RBL), a material wholly-owned subsidiary, and Religare Digital Solutions Limited (RDSL), a wholly-owned subsidiary of RBL. Under the scheme, RBL (the transferor) will merge into RDSL (the transferee), with the appointed date set as April 1, 2022. The NCLT order was issued on June 13, 2025, and the company received it on July 10, 2025. This is an internal group restructuring with no change in ownership for Religare Enterprises shareholders.
This is an internal merger between two wholly-owned subsidiaries, so there is no direct impact on Religare Enterprises' shareholding or earnings. However, it simplifies the group structure and could lead to operational efficiencies and cost savings over time, which may be mildly positive in the long run.