Religare Enterprises is going to sell its entire 80 percent stake in Religare Health Insurance to a consortium of investors led by private equity fund True North Managers for an estimated Rs 1,040 crore.

Religare Enterprises Ltd (REL) has said in a BSE filing that “The company has entered into definitive agreements with a consortium of investors led by True North Managers, an India based private equity fund, to divest its entire stake in Religare Health Insurance Company Ltd (RHI).”

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