Religare Enterprises Receives NSE & BSE No Objection for Scheme of Arrangement
Religare Enterprises Ltd has received observation letters with 'no objection' from the National Stock Exchange of India Limited (NSE) and 'no adverse observations' from BSE Limited for its Scheme of Arrangement with Religare Finvest Limited (RFL). This development follows the Board's approval on February 14, 2026, and is a step towards the demerger process under the Companies Act, 2013. The NSE and BSE have provided their observations on July 07, 2026. The scheme is still subject to various statutory, regulatory, and shareholder approvals. The company has also been advised by SEBI on specific disclosures and compliance requirements, including details of ongoing proceedings, financial data validity, and the rationale for the scheme.
Key Highlights
- NSE and BSE have issued 'no objection'/'no adverse observations' for the scheme.
- Scheme of Arrangement involves Religare Enterprises and Religare Finvest.
- Development is a step towards demerger, subject to further approvals.
- SEBI has provided specific disclosure and compliance directives.
- Company to host scheme details on its website.
Price Impact
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