Religare Enterprises Share Price Fall 5.34% Post Financial Services Demerger Announcement

Religare Enterprises Ltd (NSE: RELIGARE) declined 5.34% to ₹230.98 as of 1:46 pm IST on 16 February, compared with the previous close of ₹244.00. The stock touched a low of ₹228.71 so far, after opening at ₹245.00, according to exchange data.

The move came after the company announced a proposed reorganisation involving the demerger of its financial services business.

Shares Decline After Announcing Demerger Plan

Religare Enterprises informed exchanges about a proposed scheme of arrangement to demerge its ‘financial services’ business from REL into Religare Finvest Ltd (RFL).

The financial services business comprises lending, broking, investment activities and ancillary support services, on a going concern basis. Under the proposed structure, RFL will issue fully paid-up equity shares to REL shareholders on a 1:1 basis as consideration, while shares held by REL in RFL will be cancelled.

The demerger is expected to be completed by the first quarter of the financial year 2028.

While the company did not explicitly attribute the stock movement to the announcement, the decline was observed following the disclosure. The company also clarified that its 63.2% investment in Care (insurance) will remain with REL and that there will be no impact on its CIC registration.

Religare Enterprises Stock Performance Snapshot

As of 1:46 pm IST on 16 February, Religare Enterprises was trading at ₹230.98, down 5.34% for the day. The stock touched a high of ₹245.00 and a low of ₹228.71 so far.

The company’s market capitalisation stood at ₹7.69 thousand crore, with a price-to-earnings (P/E) ratio of 66.53, based on exchange data. The 52-week high and low were ₹295.00 and ₹202.52, respectively.

About Religare Enterprises

Religare Enterprises Ltd is a listed financial services company with operations spanning lending, broking, investment activities and insurance. It operates as a Core Investment Company (CIC) and holds a 63.2% stake in its insurance business, Care.

Its subsidiaries include Religare Finvest Ltd (NBFC), Religare Broking Ltd (broking) and other financial services entities, according to company disclosures.

Religare Enterprises shares fell 5.34% to ₹230.98 as of 1:46 pm IST on 16 February after the company announced a proposed demerger of its financial services business into Religare Finvest Ltd under a 1:1 share issuance structure. The restructuring will retain the company’s 63.2% stake in its insurance arm and is subject to regulatory approvals.

Source: https://nsearchives.nseindia.com/corporate/RELIGARE_15022026235654_RELUPDATE15022026.pdf