Sebi says ₹2,315 cr was diverted from 2 Religare firms to Singhs

The capital markets regulator has directed both the Religare companies to recover the money

Jayshree P Upadhyay MUMBAI

The Securities and Exchange Board of India (Sebi) on Thursday alleged that funds of up to ₹2,315 crore were diverted from Religare Finvest Ltd (RFL) and Religare Enterprises Ltd (REL) to their erstwhile promoters, Shivinder and Malvinder Singh. The...

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