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Religare to sell its entire 80 percent stake in Religare Health Insurance for Rs 1,040cr

Religare Enterprises is going to sell its entire 80 percent stake in Religare Health Insurance to a consortium of investors led by private equity fund True North Managers for an estimated Rs 1,040 crore.

Religare Enterprises Ltd (REL) has said in a BSE filing that “The company has entered into definitive agreements with a consortium of investors led by True North Managers, an India based private equity fund, to divest its entire stake in Religare Health Insurance Company Ltd (RHI).”

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