Acquisitions9 Dec 2023, 02:28 am
Religare Enterprises Limited Acquires 100% Stake in MIC Insurance Web Aggregator
AI Summary
Religare Enterprises Limited (REL) has completed the acquisition of 100% equity stake in MIC Insurance Web Aggregator Private Limited (MIC) on December 8, 2023, making MIC a wholly-owned subsidiary of REL. This acquisition is in line with REL's strategy to expand its presence in the insurance sector.,
Key Highlights
- REL acquires 100% stake in MIC Insurance Web Aggregator
- MIC becomes a wholly-owned subsidiary of REL
- Expansion of REL's presence in the insurance sector