Religare Gives Green Signal for Demerger of Financial Services and Insurance Businesses

Religare Enterprises Limited (REL), led by the Burman family, has approved a proposal to demerge its financial services and insurance businesses into separate listed entities. The company stated that this restructuring is aimed at enhancing shareholder value. Notably, this is the first major restructuring initiative announced after the Burman family acquired REL in February 2025.

Under the proposed plan, REL will retain its stake in Care Health Insurance Limited and continue as an insurance-focused entity. The financial services business comprising lending, broking, investments and related support services will be transferred to its subsidiary, Religare Finvest Limited (RFL). RFL will operate as an independent, separately listed company.

As part of the demerger, REL shareholders will receive fully paid-up equity shares of RFL in a 1:1 ratio. This means that for every REL share held as of the record date, shareholders will receive one RFL share. RFL shares will be listed on the BSE and NSE and its ownership structure will mirror that of REL. The group aims to complete the process and list RFL on the stock exchanges by the first quarter of the financial year 2027–28.