Religare Enterprises has provided its approval to the merger of several of its entities with itself for better synergy and to simplify corporate structuring.

In a meeting of the Board of Directors, the decision to approve the scheme for amalgamation of 11 fully owned subsidiaries with the company has been taken.

It has said in a regulatory filing that “The Board of Directors Religare Enterprises Ltd (REL) has on Tuesday, approved a scheme of amalgamation that is designed to simplify the Company’s corporate structure.”

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