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Burmans raise stake in Religare to 30%

Economic Times  

The Burman family has increased its stake in Religare Enterprises to approximately 30% through open market purchases over the past month. The family acquired 13 million shares in Religare Enterprises between March 18 and March 27, bringing their total ownership to over 100 million shares out of 332.7 million outstanding. This represents an increase from their 26.27% stake as of December 31, 2025.On February 15, Religare Enterprises announced plans to transfer its lending, investment, broking, ancillary, and support services into Religare Finvest, which will be listed. Shareholders of Religare Enterprises will be offered shares in Religare Finvest in a 1:1 ratio. Following this restructuring, Religare Enterprises will retain a 62% stake in Care Health Insurance, where Kedaara Partners and Union Bank of India are also investors. Anand Burman, Mohit Burman, and Aditya Burman were named as the family's representatives to Religare's board in November.

Between Oct 2007 and Jul 2021, Religare Enterprises had attracted about USD 265 M from Merrill Lynch, IFC, Bay Capital Investments, Ares SSG, Plutus Wealth Management and others.For FY25, Religare Enterprises had reported about INR 6 Cr in Operating Income and about INR 38 Cr in Net Loss.