Religare Enterprises Limited
Motilal Oswal Mutual Fund reduced its stake in Religare Enterprises from 5.05% to 4.42%, selling 1,728,322 shares for ₹44.3 Cr at ₹256.30 apiece. This reduced their total holding to 15,071,195 shares.
A diversified financial services company operating across India through multiple subsidiaries since its incorporation in 1984. Religare Enterprises provides loans to small and medium enterprises, affordable housing finance, health insurance, and retail broking services to individual and institutional clients. The company maintains a widespread presence through over 1,275 locations across more than 400 cities, servicing a substantial client base nationwide.
AMC arm of Motilal Oswal Financial Services, founded on the belief in long-term buy-and-hold quality investing. Manages over Rs 1.5 lakh crore. Famous for the QGLP (Quality, Growth, Longevity, Price) investment framework and concentrated portfolios with very low churn. Flagship Motilal Oswal Midcap and Motilal Oswal Flexi Cap funds reflect deep conviction positioning with 15-25 stock portfolios.