Religare Enterprises today said that its US-based asset management subsidiary has completed the process of exiting from two affiliates in the US.
In a BSE filing, the company said, "We would like to inform you that Religare Global Asset Management Inc, USA, wholly-owned subsidiary of the company, has completed its exit from Northgate Capital LLC and Northgate Capital LP, US based affiliates."
It further added that the transaction was closed on July 22 following the receipt of all required approvals.
The subsidiary exit resulted to a surge of 0.58 percent after which the stock traded at Rs. 278 on the BSE.
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