The board of directors of Religare Enterprises approved a proposal to buy 100 per cent or a majority stake in Lotus India Asset Management Company Pvt Ltd from Alexandra Fund Management, an affiliate of Fullerton Fund Management Company, and London-based Sabre Capital. Lotus India is a joint venture between a unit of Singapore''s Temasek Holdings and London-based Sabre Capital Worldwide.
Lotus India AMC manages over Rs 5,000 crore in domestic mutual funds and Religare through a joint venture with Dutch financial firm AEGON already has a presence in the AMC space. Religare is controlled by the Singh family, who recently sold their stake in Ranbaxy Laboratories to Japan''s Daiichi Sankyo.
Lotus India AMC manages over Rs 5,000 crore in domestic mutual funds and Religare through a joint venture with Dutch financial firm AEGON already has a presence in the AMC space. Religare is controlled by the Singh family, who recently sold their stake in Ranbaxy Laboratories to Japan''s Daiichi Sankyo.
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