Religare Enterprises has concluded the acquisition of remaining 24.82% stake in Religare Arts Initiative (RAIL) from the minority shareholder. Consequently, RAIL has now become a wholly owned subsidiary of the company. Earlier, in October 2016, the company’s board had approved for acquisition of remaining 24.82% stake in RAIL.
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.
