Religare Enterprises’ arm exits from US based affiliates ‘Northgate’

Religare Enterprises’ wholly-owned subsidiary - Religare Global Asset Management Inc., USA, has completed its exit from Northgate Capital LLC and Northgate Capital LP, a US based affiliates. The transaction was closed on July 22, 2016 following the receipt of all required approvals.

In April, this year, the company had entered into a definitive agreement to divest its stake in Northgate Capital LLC and Northgate Capital LP, US based affiliates, which were part of its alternatives, focused global asset management business, and their subsidiaries (Northgate).

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.