Religare Enterprises (REL) has entered into a definitive agreement to divest its stake in Landmark Partners LLC, and certain of its subsidiaries (Landmark). REL holds its stake in Landmark through its US based step-down subsidiary, Religare Global Asset Management Inc. The closing of the transactions is subject to customary conditions including necessary regulatory approval processes. The transaction is expected to be completed by June 30, 2016.
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.
