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Religare Enterprises informs about business updates

19 Apr 2016 Evaluate

Religare Enterprises has informed that the Company has entered into a definitive agreement to divest its stake in Northgate Capital LLC and Northgate Capital LP, US based affiliates, which are part of its alternatives focused global asset management business, and their subsidiaries (Northgate). REL holds its stake in Northgate through its step-down subsidiary, Religare Global Asset Management Inc., USA. The closing of the transactions is subject to customary conditions including necessary regulatory approval processes.

The above information is a part of company’s filings submitted to BSE.

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