Ind-Ra affirms rating of Care Health Insurance Ltd

India Ratings & Research, a Fitch Group Company ("Ind-Ra"), while affirming the earlier Long-term Issuer Rating of "IND A/Stable" has further assigned the rating of "IND A/Stable" to the proposed Subordinate Debt issue of upto Rs. 1.5 billion by Care Health Insurance Limited (formerly known as Religare Health Insurance Company Limited), material subsidiary of Religare Enterprises Limited, on March 15, 2022.

Shares of Religare Enterprises Limited was last trading in BSE at Rs. 112.90 as compared to the previous close of Rs. 113.40. The total number of shares traded during the day was 56810 in over 1238 trades.

The stock hit an intraday high of Rs. 116.25 and intraday low of 112.00. The net turnover during the day was Rs. 6493199.00.

Source : Equity Bulls

Keywords

ReligareEnterprises INE621H01010 RatingUpdate CareHealthInsurance