MoneyWorks4Me

Religare Enterprises to sell 49% stake in asset management unit: Report

27 Sep 2012 Evaluate

Religare Enterprises is reportedly planning to sell 49% stake in its asset management business to US money manager Invesco for about Rs 450 crore.

The company is controlled by billionaire brothers Malvinder and Shivinder Singh, who also control hospital chain Fortis Healthcare. It is engaged in providing financial products and services. Religare provides services across three segments namely retail, institutional and wealth.

Peers
Company Name CMP
Bajaj Finserv 1771.00
TVS Holdings 12493.90
Cholamandalam Fin. 1433.10
Altius Telecom Infra 175.00
Kama Holdings 2204.55
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