Religare Enterprises Invests ₹100 Cr in Subsidiary Religare Broking

Religare Enterprises Ltd. (REL) has subscribed to 4,21,05,264 equity shares of its wholly-owned subsidiary, Religare Broking Limited (RBL), through a rights issue. The allotment, valued at ₹100,00,00,020, was made on August 21, 2026. The shares were issued at a face value of INR 10 each with a premium of INR 13.75. RBL, a stockbroking entity with 50 branches and 1100 business partners, serves approximately 2.4 lakh active customers. The investment is considered a related party transaction but is at arm's length. Proceeds will fund RBL's general business operations, including scaling its margin trade financing book and working capital needs.