Religare founders to sell stake to become eligible for bank license

by Paul Joseph on June 19, 2013 · 0 comments

Financial services provider Religare Enterprises Ltd on Tuesday announced that its founders plan to offload nearly a third of their stake so as to become eligible for a bank license. Religare Group CEO Shachindra Nath said, “We have been working to meet the norms for new banking licenses since they were issued in February this year. and hope to submit our application before the July 1 deadline.” read more

[via Stock Watch – Stock Specific News]

Follow us @enterpriseheat – lists / @sectorheat

Follow us @enterpriseheat - lists / @sectorheat

Leave a Comment

Previous post:

Next post: