The Hindu Business Line : Ranbaxy fin services arm renamed

The promoters of Ranbaxy Laboratories have renamed their financial services company Fortis as Religare Enterprise Ltd to provide a complete range of financial services to its corporate, retail and wealth management clients.

Religare would provide integrated financial services through its proposed subsidiaries - Religare Securities, Religare Comdex, Religare Finvest and Religare Insurance Advisory Services, according to a company release.

According to Mr Malvinder Mohan Singh, Managing Director of Ranbaxy, "The formation of Religare is a strategic decision to consolidate and strengthen financial care business, an acknowledgement of groups commitment to leverage on the tremendous opportunities in this segment."

More Stories on : Financial Services | Ranbaxy Laboratories Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Ranbaxy fin services arm renamed

ABN AMRO Mutual launches Future Leaders Fund

From K-10 to 10-K, little has changed

Volatile movement

Sceptics are turning into believers

Funds buying props up BoB

Change in biz dynamics fuels rally in Kopran

Price levels of new entities down

FII inflows cross $3.2-b mark

Tech stocks save the day

Kewal Kiran eyes inorganic growth

DSQ Group promoter remanded to judicial custody

PSU general insurers book big trading profits