Religare Enterprises update on restructuring of subsidiaries

Religare Capital Markets International (Mauritius) divests entire 50% stake in Bartleet

Religare Enterprises announced that its subsidiary - Religare Capital Markets International (Mauritius) has entered into share sale and purchase agreement dated 21 December 2017 to divest its entire 50% shareholding in Bartleet Religare Securities (Bartleet) to Bartleet Transcapital (BTCL). Upon completion of the transaction, BTCL will hold 100% shareholding in Bartleet and RCMIML will cease to be a shareholder of Bartleet.

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