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Religare to acquire Lotus India AMC

This article was posted on Nov 4, 2008 and is filed under Stock News

Religare Enterprises Limited (REL) one of the leading integrated financial services groups of India, confirmed that it has agreed to acquire Lotus India Asset Management (Lotus India AMC) from the majority shareholders, Alexandra Fund Management (an affiliate of Fullerton Fund Management Company Ltd) and Sabre Capital.

The acquistion is subject to regulatory approvals.

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