Announced Tue, 7 Jul · 18:17 IST
Religare gets NSE and BSE clearance for Religare Finvest demerger scheme
Strategic Transactions View source PDF
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
+0.7%1-day move
₹271.30
prior close
₹270.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6—-0.4-0.8+0.7-0.5-1.2-3.4-1.0-5.3————
Up moveDown movePending
AI summary
Religare Enterprises received no objection from NSE and no adverse observations from BSE on its scheme to demerge into Religare Finvest. Both exchanges cleared the draft subject to disclosures on legal actions, share swap ratio, and financials. Next step is filing the scheme with NCLT within 6 months, followed by shareholder and creditor consent. Listing of RFL shares is at the exchanges' discretion.
Likely market impact
Positive procedural step in the demerger. NCLT and shareholder approvals still needed before the scheme becomes effective.