Added to YB: 2026-08-25
Pitch date: 2026-08-21
RELIGARE.NS [neutral]
Religare Enterprises Limited
-1.97%
current return
Author Info
Nine One Capital is an India-focused investment manager. We are value-conscious investors in Indian listed companies. Sign up for the newsletter.
Company Info
Religare Enterprises Limited, through its subsidiaries, provides various financial services in India and internationally.
Market Cap
INR 79.8B
Pitch Price
INR 231.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
75.25
P/E
155.80
EV/Sales
0.86
Sector
Insurance
Category
special_situation
Religare Update: One Door Closed, another Opened
RELIGARE.NS (holding update): RBI rejected demerger of financial-services biz, delaying SOTP but not blocking core Care Health value. IRDAI now legally permits insurer-holdco mergers (collapse of REL into Care). Trades ~40% discount to Rs13,650cr Care stake; fin-svcs debt-free ~Rs2,000cr book free. Care GWP +37% Q1. Cure/refile most likely; IPO worst case. Holding, same sizing—thesis intact, timeline slipped.
Read full article (7 min)