Religare Enterprises and Invesco have entered into a definitive agreement to increase Invesco’s shareholding to 100% in the India asset management joint venture, Religare Invesco Asset Management Company (RIAMC). The transaction is subject to customary Indian regulatory approvals.
RIAMC is a 51:49 percent joint venture between Religare and Invesco, and is one of India’s leading asset management companies, with an average asset base of over Rs 21,593.51 crore (for the quarter ending September 2015). RIAMC aims to serve the investment needs of domestic and global investors - individuals, corporate and institutions - through mutual funds and sub-advised portfolios.
Religare Enterprises is one of India’s leading diversified financial services groups. It offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management.
