Religare Ent Up 9% To 52-Wk High

New Delhi: Shares of Religare Enterprises surged more than 9 per cent on the bourses on Tuesday amid reports that the Reserve Bank of India (RBI) has cleared Burman family’s open offer to acquire an additional 26 per cent stake in the company.

According to reports, the RBI approval comes with conditions, including maintaining the existing management structure and not appointing new directors at this stage.

The scrip of the company climbed 4.50 per cent to Rs 290.55 apiece on NSE. In intraday trade, it surged 9.5 per cent to hit its 52-week high of Rs 304.60 per share.

On the BSE, it jumped 4.09 per cent to Rs 288.95 apiece. Later, it bounced 9.62 per cent to hit its 52-week high of Rs 304.30 apiece. Meanwhile, the 30-share BSE Sensex rose 91.20 points or 0.11 per cent to 81,599.66, while NSE Nifty went up 11.85 points or 0.05 per cent to 24,630.85.