Date: July 08, 2026
Disinvestment / Strategic Actions
Care Health Insurance Limited (CHIL), a material unlisted subsidiary of Religare Enterprises Limited, completed a rights issue allotment on June 30, 2026. Religare Enterprises subscribed to 74,80,324 equity shares with face value of INR 10 each at a premium of INR 150 per share, totaling INR 1,19,68,51,840 (Rupees One Hundred Nineteen Crore Sixty-Eight Lakh Fifty-One Thousand Eight Hundred Forty Only).
The transaction is classified as a related party transaction since CHIL is a subsidiary of REL, but was conducted at arm's length as the price was offered uniformly to all shareholders. The proceeds from the rights issue will be used to finance CHIL's expansion plans and meet statutory solvency requirements.
Subsidiary Background
Care Health Insurance Limited (CHIL) is registered with IRDAI and operates in the health insurance business. Key details about CHIL:
- Date of incorporation: April 02, 2007
- Line of business: Health Insurance
- Country of operations: India
- Branch network: 277 branches as of March 31, 2026
- Workforce: Over 13,000 professionals
- Customer base: Served over three million policyholders
- Financial performance:
- FY 2023-24 turnover: ₹7,022 Crores
- FY 2024-25 turnover: ₹8,562 Crores
- FY 2025-26 turnover: ₹10,416 Crores
Transaction Details
- Total investment amount: INR 1,19,68,51,840
- Number of shares acquired: 74,80,324 equity shares
- Face value per share: INR 10
- Premium per share: INR 150
- Total price per share: INR 160
- Allotment date: June 30, 2026
- Completion date: July 08, 2026 (deemed completion date)
Corporate Purpose
Religare Enterprises Limited is registered with Reserve Bank of India (RBI) as a Core Investment Company (CIC) and is primarily engaged in the business of investment in shares/securities of and lending to its group companies. The investment in CHIL's rights issue aligns with REL's core business objective as a CIC.