Religare Enterprises to divest its stake in Northgate Capital

The closing of the transactions is subject to customary conditions including necessary regulatory approval processes.

Apr 19, 2016 02:04 IST India Infoline News Service

Religare Enterprises Ltd.
Religare Enterprises Ltd has entered into a definitive agreement to divest its stake in Northgate Capital LLC and Northgate Capital LP, US based affiliates, which are part of its alternatives focused global asset management business, and their subsidiaries ("Northgate”). REL holds its stake in Northgate through its step-down subsidiary, Religare Global Asset Management Inc., USA.
The closing of the transactions is subject to customary conditions including necessary regulatory approval processes.

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