Religare Enterprises (REL) witnessed a rise in share price on Monday after the company told stock exchanges that it will sell its entire 80% stake in Religare Health Insurance to a consortium of investors led by private equity fund True North Managers for an estimated Rs 10.40 billion.

Shares of Religare Enterprises are trading at Rs 221.40, up Rs 3.05, or 1.40% at the Bombay Stock Exchange (BSE) on Monday at 10:24 a.m.

The scrip has touched an intra-day high of Rs 230.00 and low of Rs 220.00. The total volume of shares traded at the BSE is 9,270.

Total volume of shares traded on the bourses today was lower by 97.96% to 9,270 compared with 22-day average volume of 455,355.