Religare Enterprises obtains NSE no-objection for Scheme of Arrangement with Religare Finvest
Religare Enterprises · Finance
Key highlights
- NSE granted no-objection letter on July 07, 2026, enabling filing of draft scheme with NCLT
- Listing of Religare Finvest subject to SEBI approval and compliance with NSE conditions including disclosure, advertisement, and freezing shares till listing
- Scheme submission to NCLT must occur within six months from July 07, 2026, with continued compliance and disclosures required by SEBI and NSE regulations
Why it's rated notable: The filing gives no value for the demerger into Religare Finvest Limited and states the scheme remains subject to shareholder, creditor, statutory and regulatory approvals, so it is non-binding and sized at medium.
Original filing
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Religare Enterprises
- Acquisition / mergerMajor development· Adverse for the businessReligare Q1 FY27: consolidated net loss Rs 4,698.25 lakhs; RBI did not accede to demerger
- Acquisition / mergerMajor development· Adverse for the businessReligare Enterprises Q1 net loss Rs 961.97 lakhs; RBI declines demerger scheme request
- Acquisition / mergerNotable· Adverse for the businessReligare Enterprises Ltd informs RBI rejection of Scheme approval for Demerged Undertaking transfer
Other acquisition / merger filings this fortnight
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- Manoj Agrawal Acquires 1.00 Crore Shares in Cubical Financial Services Limited
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- Novus Loyalty Limited approves acquisition of AutoPe Payment Solutions via share swap
- Shish Industries Limited files Composite Scheme of Amalgamation proposal
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.