 "Invesco completes acquisition of Religare AMC")
Atlanta-based global investment management firm Invesco has completed acquisition of Religare Mutual Fund. Under the transaction, Invesco has increased its shareholding to 100% in the asset management company, set up as a joint enture with Religare Enterprises.
The deal was announced in November last year when Invesco had proposed to raise its stake from 51% to 100%. With the completion of the deal, Religare Invesco Asset Management will be renamed Invesco Asset Management.
The company's management team will remain unchanged with Saurabh Nanavati continuing to be its chief executive officer. He will report to Invesco's Asia-Pacific senior managing director and CEO, Andrew Lo.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app