Mumbai: Malvinder Singh and Shivinder Singh-owned RHC Holding Pvt. RHC, along with Oscar Investments Ltd, jointly owns financial services firm Religare Enterprises Ltd and healthcare provider Fortis Healthcare Ltd. Mint reported in its 13 July edition that RHC Holding was in talks with lenders for urgent funds to meet repayment obligations of Religare Enterprises Ltd. On 11 July, shares of Religare Enterprises fell 20% on speculation that lenders may have invoked shares pledged by the promoters. The Singh brothers have also been trying to refinance large sums of debt of the holding company.

Source: Mint July 16, 2017 19:52 UTC