Daijiworld Media Network - Mumbai

Mumbai, Feb 15: Shares of Religare Enterprises are likely to remain in focus on Monday, February 16, after the company announced a key update on its proposed demerger through an exchange filing dated February 14.

The restructuring marks the first major corporate move since February 2025, when the Burman family completed a hostile takeover of the company from its former management.

According to the filing with the National Stock Exchange of India, the company will be reorganised into two separate entities — Religare Enterprises Ltd (REL) and Religare Finvest Ltd (RFL) — subject to approvals from regulators, stakeholders and creditors.

The board of directors, after reviewing recommendations of the Audit & Governance Committee and the Committee of Independent Directors at its meeting held on February 14, approved the Scheme of Arrangement between Religare Enterprises Limited and Religare Finvest Limited.

As per the approved scheme, RFL will issue fully paid-up equity shares to REL shareholders in a 1:1 ratio. Post-demerger, RFL’s shareholding pattern will mirror REL’s pre-demerger structure.

The move is aimed at separating the financial services and insurance businesses into distinct verticals, enabling focused management attention and facilitating the proposed listing of RFL on the stock exchanges.

Pratul Gupta, Chief Financial Officer of Religare Enterprises, said the transaction is expected to broaden the combined investor base, reduce structural complexity and create two well-capitalised platforms capable of pursuing independent growth strategies.

Religare Enterprises’ share price closed 3.54 per cent lower at Rs 243.50 on Friday, compared to Rs 252.43 in the previous session, as per NSE data.

The stock has delivered over 264 per cent returns in the past five years and 57 per cent in the last three years. Over the past one year, the scrip has gained 2.03 per cent.

However, on a year-to-date basis in 2026, the stock has declined 1.76 per cent and is down 0.90 per cent over the last five trading sessions.

The shares touched a 52-week high of Rs 295 on July 24, 2025, and a 52-week low of Rs 202.52 on May 9, 2025. The company’s market capitalisation stood at Rs 8,053.88 crore as of the close on February 13, 2026.