Religare Enterprises Ltd (RELG.BO)
BRIEF-Religare Enterprises says broking business of Religare Securities to be part of scheme of arrangement
* Says broking business of Religare Securities will be part of scheme of arrangement dated Dec 27, 2016 Source text: (http://bit.ly/2mlBc8V) Further company coverage:
Feb 17 Anand Rathi Wealth Management said on Friday it bought Religare Enterprise Ltd's wealth management business for an undisclosed amount.
* Dec quarter total income from operations 70.4 million rupees
* Clarifies on news item "RBI pulls up Religare arm over lending norms"
* Religare Enterprises - RGAM Investment Advisers entered into definitive agreements for the divestment of its stake in its wholly-owned subsidiary, Cerestra Advisors Limited
* Says Religare Finvest board approved one-time writeoff of 5.20 billion rupees in P&L account pursuant to non-receipt of dues
* Says appointment of Nalin Nayyar as interim chief executive officer (interim-ceo) Source text: The Board of Religare Enterprises Limited (REL), a leading diversified financial services group, is pleased to announce the appointments of Mr. Nalin Nayyar as Interim Chief Executive Officer (Interim-CEO) and Mr. Maninder Singh as Chief Business Officer (CBO) of the Company with effect from 26th October, 2016. Further company coverage: (Bengaluru newsroom)