ALFA Filings
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Religare Enterprises' subsidiary, MIC, has surrendered its Insurance Web Aggregator license to the IRDAI. The company confirms no material impact as the unit is not currently operating.
Religare Enterprises subscribed to a rights issue by its subsidiary, Care Health Insurance, for Rs. 119.69 Crore. The investment supports the subsidiary's expansion and solvency requirements.
Religare Enterprises received 'no objection' for its demerger scheme. The restructuring, subject to statutory approvals, aims to separate its businesses.
Religare Enterprises approved closing its subsidiary, MIC Insurance Web Aggregator, by surrendering its license. The shutdown has no material impact on the company's consolidated financials.