Religare Enterprises has informed that the company has entered into a definitive agreement to divest its stake in Landmark Partners LLC, and certain of its subsidiaries (‘Landmark’). Religare Enterprises (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 above information is a part of company’s filings submitted to BSE.