1 / 7Stock Rally Gains Momentum: Religare Enterprises Limited (REL) has confirmed receiving a major regulatory approval from the Securities and Exchange Board of India (SEBI). The company announced that SEBI has granted its nod for crucial changes, including modifications in the management structure of its subsidiary, Religare Broking Limited (RBL).
2 / 7SEBI’s Approval Boosts Prospects: The approval from SEBI, dated December 23, 2024, enables changes in the management, shareholding, and control of RBL, a key arm of REL. This regulatory green light represents a pivotal step in REL’s ongoing efforts to restructure its operations and strengthen its financial position. The company disclosed this development through an official exchange filing.
3 / 7Strong Performance Since November: REL’s stock has been on a steady upward trajectory since November 2024, when it traded at ₹240. Over the past month, it has crossed the ₹300 mark, demonstrating a remarkable surge. On December 24, 2024, the stock ended the session slightly lower, closing at ₹308, reflecting a minor dip of 0.16% compared to the previous day.
4 / 7Impressive Growth Over Time: Over the last one month, REL’s stock price has risen by 25%. Its performance over the past year shows a 42% increase, while a three-year analysis reveals an extraordinary growth of 130%. Despite these gains, the stock remains approximately 50% below its all-time high of ₹729, indicating significant room for further recovery.
5 / 7Burman Family Stake Acquisition: The SEBI approval comes on the heels of a recent acquisition by the Burman family, who purchased a 5.27% stake in REL at ₹235 per share. This move aligns with the company’s strategic goals and reflects growing investor confidence. As part of this acquisition process, REL has also announced plans to launch an open offer, providing existing shareholders an opportunity to participate.
6 / 7REL’s Diversified Offerings: Religare Enterprises is a prominent financial services provider offering a wide range of products and solutions. These include depository services, securities and commodities broking, insurance products, institutional equities, investment banking, and other financial advisory services. Its diverse portfolio positions it as a significant player in India’s financial services industry.
7 / 7Investment Advisory Caution: Investors are reminded to exercise caution when making investment decisions. CNBC TV18 has clarified that opinions shared by experts or brokerage firms on its platform are personal and not endorsed by the channel or its management. Investors are advised to consult certified financial advisors to ensure informed decision-making.
