Religare Enterprises Limited

Ashish Dhawan increased his stake in Religare Enterprises from 4.12% to 5.24%, acquiring 41,80,852 additional shares through a combination of secondary market purchases and warrant conversion. The value of his holding is now ₹458.55 Cr, crossing the 5% disclosure threshold.

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.

Co-founded ChrysCapital, India's largest PE firm, $5 billion+ deployed across 75+ exits in IT, financial services, and pharma, then walked away in 2012 to fund education. His residual listed equity portfolio is ~₹2,910 Cr, heavily concentrated in financial services and healthcare, sectors he knows at institutional depth. Yale and Harvard Business School. Gates Foundation board since 2022. His equity moves reflect conviction from someone who doesn't need to be right, but usually is.