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Religare Enterprises to divest stake in Religare Finvest

Religare Enterprises has entered into a binding term sheet with TCG Advisory Services, Religare Finvest (RFL) and Religare Housing Development Finance Corporation (RHDFCL), whereby the company will divest its entire stake in RFL, a subsidiary of the Company, to TCG Advisory Services or any of its affiliates.

Pursuant to the aforesaid divestment, TCG Advisory Services would also acquire indirect interest of the Company in RHDFCL, which is a subsidiary of RFL.

Religare Enterprises is one of India’s leading diversified financial services groups. It offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management.

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