Religare Enterprises signs SPA for divestment of Religate Finvest to TCG Advisory Services
On 01 October 2019
Religare Enterprises announced that on 01 October 2019 a share purchase agreement has been signed between TCG Advisory Services, Religare Finvest (RFL) and Religare Housing Development Finance Corporation (RHDFCL), whereby the Company agreed to divest its entire stake in RFL, a subsidiary of the Company, to TCG Advisory Services or any of its affiliates (Acquirer).The completion / consummation of the transaction is subject to requisite regulatory and other approvals and other conditions precedents.
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