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Executive Movements

Religare Enterprises appoints Hamid Ahmed and Vijay Shankar Madan to the Board

Religare Enterprises Ltd (REL) has appointed Hamid Ahmed, CEO of Hamdard Laboratories India (Foods Division) and Vijay Shankar Madan, former Director General of UIDAI (Aadhaar), as its Independent Directors, according to IANS report. In a statement, Religare Enterprises said that with the induction of two eminent and experienced professionals as independent board members, the Religare […]

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Investment

Religare Enterprises to divest stake in Religare Health Insurance Company

Religare Enterprises Ltd, a financial services company, announced that the company has entered into definitive agreements with Kedaara Capital Fund II LLP and Trishikhar Ventures LLP (jointly referred as ‘Kedaara’ ) for divestment of 6.76 per cent stake in its arm Religare Health Insurance Company (RHICL) for Rs 200 crore. As per the Company’s exchange […]