Religare clarifies

"With reference to your story on the 20th August on IT raids on real estate firms, there is a mention of Lowe Realty as being a part of Religare."

"With reference to your story on the 20th August on IT raids on real estate firms, there is a mention of Lowe Realty as being a part of Religare.

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We would like to state that this is factually incorrect since Lowe realty is not a part of our group.

Religare Enterprises Limited (REL) is a pure play diversified financial services group listed on the NSE and BSE, and does not have any business interest in real estate.

Given this background, we urge you to consider publishing a corrigendum clarifying our views on this matter at the earliest.”