
Religare Enterprises Ltd (REL) has approved a proposal to split its financial services and insurance operations into 2 separately listed companies, as per the exchange filings. The announcement comes after the Burman family took control of the firm in February 2025.
The company said the restructuring is intended to create 2 independent businesses, each focused on its own segment.
Under the proposed scheme, the group’s lending, broking, investment and related support activities will be transferred to its subsidiary, Religare Finvest Ltd (RFL), on a going-concern basis.
RFL is expected to be listed on the BSE and the NSE after the demerger. The company has set a target to complete the process and list the subsidiary by the first quarter of FY28, subject to approvals.
As part of the arrangement, RFL will issue fully paid-up equity shares to REL shareholders on a 1:1 mirror basis. This will result in the same shareholding pattern in both companies after the separation.
The transaction will be carried out through a scheme of arrangement to be filed with the National Company Law Tribunal. It will require approval from regulators, shareholders, and creditors.
After the demerger, REL will continue to hold its stake in Care Health Insurance Ltd, which will remain the group’s insurance-focused entity.
The company said the transition is not expected to interrupt operations or affect employees, customers, or business partners during the process.
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As of February 16, 2026, 09:16 am, Religare Enterprises share price was trading at ₹239, a 2.05% decrease from the previous closing price.
Once completed, the restructuring will result in 2 listed companies with separate business lines, while existing shareholders will hold equal stakes in both entities.
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Published on: Feb 16, 2026, 11:05 AM IST

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