Corporate Finance #religare#rbi
RBI blocks Religare Enterprises' demerger, stalling Religare Finvest restructuring
RBI has declined no-objection to Religare Enterprises' proposed demerger of its financial services business into Religare Finvest, according to a filing dated Aug 7. The central bank's refusal, communicated Aug 6 and Aug 7, stalls a scheme that had cleared stock exchange scrutiny but was awaiting statutory approvals. The demerger had been approved by the boards on Feb 14, 2026.
Aug 8, 2026 1 source