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Religare’s demerger nixed by RBI
MUMBAI: Religare Enterprises’ proposed demerger of its financial services business into Religare Finvest has hit a regulatory hurdle after RBI declined to grant its no-objection, stalling a restructuring plan that had already secured stock exchange clearances and was awaiting statutory approvals.
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economictimes.indiatimes.com
RBI rejects Religare demerger plan despite stock exchange nod
The Reserve Bank of India has rejected Religare Enterprises' proposed demerger plan. Stock exchanges had previously given their no-objection to the company's restructuring…
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RBI rejects Religare's proposal for demerger
Religare Enterprises' demerger plan has been rejected by the Reserve Bank of India. The company received official communication regarding the rejection on August 6, 2026. …
