Story thread · 2 reports / 1 sources

RBI rejects Religare's proposal for demerger

economictimes.indiatimes.com · 4dShare

New Delhi: Religare Enterprises on Friday said the Reserve Bank has rejected its demerger proposal even as it received a nod from the exchanges.The company has received a letter dated August 6, 2026, from the RBI, conveying that the application has been examined and that the request has not been acceded to, Religare Enterprises said in a regulatory filing."A similar communication dated August 7, 2026, has been received by Religare Finvest Ltd (RFL) as well in this regard. REL and RFL shall engage with the Regulator and provide further clarifications, as may be required in this regard," it said.Also read: UPI to remain free for consumers, says Payments Council of IndiaHowever, it said, the company got 'no objection' from National Stock Exchange of India Ltd and the observation letter with 'no adverse observations' from BSE Limited, in relation to the scheme.Burman family-backed Religare Enterprises had in February approved a plan to demerge its financial services and insurance businesse

First report: RBI rejects Religare demerger despite exchange nod — economictimes.indiatimes.com, 4d