Religare Enterprises announces strategic split of financial services and insurance businesses into two separate listed entities. The demerger, approved by the board, aims to unlock shareholder value and enhance strategic focus. Religare Finvest will house the financial services segment, including lending and broking activities, while Religare Enterprises will retain its stake in Care Health Insurance. The restructuring follows the Burman family's takeover in February 2025 and is set to be completed by Q1 FY28. Shareholders will receive Religare Finvest shares on a 1:1 mirror basis, creating two independent platforms with improved capital allocation and transparency. This move is expected to optimize each business's growth potential and provide more targeted management strategies.
