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| Exchange Disseminated Time 06/01/2017 12:42:35 | With reference to the earlier letter announcement dated July 29, 2016, Religare Enterprises Ltd has now informed BSE that RGAM Investment Advisers Private Limited, a wholly-owned subsidiary of the Company, has entered into definitive agreements on January 05, 2017 for the divestment of its stake in its wholly-owned subsidiary, Cerestra Advisors Limited, with (i) TCP-CERESTRA LTD, a company registered under the laws of Cayman Islands; [ii] CERESTRA MANAGERS PRIVATE LIMITED, a company registered under the laws of India; and (iii) ELEPHANT INDIA FINANCE PRIVATE LIMITED, a Company registered under the laws of India.
The transaction is expected to be closed by February 28, 2017 following the receipt of all required regulatory approvals. |
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