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Religare Enterprises is demerging its financial services (lending, broking, investments) into a newly listed entity, Religare Finvest (RFL). REL will now focus purely on its insurance business. This strategic move aims to unlock shareholder value by creating two focused companies, each pursuing distinct growth. Shareholders will receive 1 RFL share for every 1 REL share held. RFL's listing on BSE & NSE is targeted for Q1 FY28. The financial services unit contributed INR 457.29 Cr (6.2%) to REL's consolidated turnover in FY25, promising enhanced investor transparency and capital efficiency.