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Religare Enterprises Limited ( (IN:RELIGARE) ) has issued an update.
Religare Enterprises Limited has announced that its subsidiary, Care Health Insurance Ltd. (CHIL), has received a confirmation from the Joint Commissioner, Common Adjudicating Authority, CGST Commissionerate, Faridabad, regarding a GST demand of ₹35.92 crore, along with a penalty and applicable interest for the period from July 2017 to March 2022. This confirmation follows a directive from the Bombay High Court to reassess a previous order related to industry-wide issues concerning non-payment of GST on co-insurance and re-insurance transactions. The company plans to appeal or consider other actions against this order.
More about Religare Enterprises Limited
Religare Enterprises Limited operates in the financial services industry, focusing primarily on providing insurance services through its subsidiary, Care Health Insurance Ltd. The company is based in India and is involved in offering a range of financial products and services.
Average Trading Volume: 83,785
Technical Sentiment Signal: Strong Buy
Current Market Cap: 83.36B INR
See more data about RELIGARE stock on TipRanks’ Stock Analysis page.