Religare Enterprises decides to exit mutual fund business
Nov 19 2015
News Category: Exit Load Change
Religare Enterprises has decided to exit mutual fund business with sale of its controlling 51% stake in Religare Invesco AMC to the foreign partner, Invesco. Religare did not disclose the exact reasons for the sale, but it could be due to promoters wanting to monetise some assets to meet other financial obligations.