Religare Enterprises Initiates Governance Overhaul Amid Cash Crunch, Seeks Burman Group's Support

Religare Enterprises Limited (REL) has made a set of key initiatives to tackle governance and financial issues. The organization has ordered an extensive review of the governance of REL and its subsidiaries Religare Finvest Limited (RFL) and Religare Housing Development Finance Corporation Limited (RHDFCL), hiring Trilegal and Grant Thornton to undertake the task.

 

With a cash flow shortfall looming in the next few months, the board of REL has suggested obtaining a short-term inter-corporate loan and approaching its new promoters, the Burman Group, for instant funding assistance.

 

These moves follow just weeks after the Burman Group took control of REL on February 20, 2025, vowing to improve governance and promote sustainable growth. The new initiatives highlight the need to tackle financial and operational issues at REL, with the company looking to restore confidence and stability under its new leadership.

 

Sources: Religare Enterprises Limited Board Meeting Announcements, March 17, 2025