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Religare Enterprises board has approved merger of 11 subsidiaries

Religare Enterprises has provided its approval to the merger of several of its entities with itself for better synergy and to simplify corporate structuring.

In a meeting of the Board of Directors, the decision to approve the scheme for amalgamation of 11 fully owned subsidiaries with the company has been taken.

It has said in a regulatory filing that “The Board of Directors Religare Enterprises Ltd (REL) has on Tuesday, approved a scheme of amalgamation that is designed to simplify the Company’s corporate structure.”

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