Religare Enterprises Limited (REL) has announced that it has fully repaid its outstanding term loan and interest, amounting to Rs. 163.75 crore, to JM Financial Products Limited and JM Financial Credit Solutions Limited. The loan was originally drawn in 2022. With this repayment, Religare has officially become an external debt-free entity, marking a significant milestone for the company.
The company shared this update in a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This development further strengthens Religare’s financial standing as it moves forward with its business strategies.