Religare Enterprises Eyes Global Expansion with Proposed Acquisition…

Sarah J · 2026-05-07T18:25:51.000Z

India-based financial services company Religare Enterprises announced plans to acquire UK brokerage firm Hichens, Harrison & Company in a deal valued at approximately ₹396 crore ($98.9 million). The proposed acquisition marked a significant step in Religare’s strategy to expand its international financial services footprint. Hichens Harrison, headquartered in London, is one of the United Kingdom’s oldest stockbroking firms and is listed on the AIM market of the London Stock Exchange. The acquisition would provide Religare with direct access to the UK and European capital markets ecosystem while strengthening its global investment banking and brokerage capabilities. Under the proposed transaction, Religare planned to make a cash offer of 285 pence per share for Hichens Harrison. At the time, the move reflected the growing ambition of Indian financial institutions to establish an international presence through strategic overseas acquisitions. The acquisition was expected to help Religare diversify its revenue streams beyond India while gaining access to institutional clients, wealth management services, and international brokerage operations. It also aligned with the broader trend of Indian firms seeking global expansion opportunities during that period. For the UK market, the transaction highlighted rising interest from Indian financial companies in acquiring established British financial institutions to accelerate global growth and improve cross-border market connectivity. The deal underscored the increasing integration between Indian and UK financial sectors, with both markets benefiting from stronger investment flows, capital market collaboration, and international business partnerships.

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Religare Enterprises Eyes Global Expansion with Proposed Acquisition… | SEINET