Religare Enterprises plans to exit from JV Aegon Religare Life Insurance Company

Religare Enterprises holds 44% equity in the JV

Religare Enterprises announced that the Company holds 44% equity in Aegon Religare Life Insurance Company, a joint venture in which an Aegon group company and Bennett, Coleman and Company are also shareholders.

After a strategic review, Religare has expressed a desire to exit the joint venture. Religare and Aegon have agreed that Religare will exit once a replacement shareholder is identified and is approved by the regulatory authorities. In the meantime, Religare remains fully committed to the joint venture.

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