Business Daily from THE HINDU group of publications
Friday, Oct 19, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Oct 19, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Mergers & Acquisitions Markets - Financial Services 
India calling: Mr Sunil Godhwani (right), CEO & MD, Religare Enterprises Ltd, and Mr Peter Maher, ED, Macquarie Bank and Group Head, Macquarie Financial Services, at a press conference in Mumbai on Thursday. – Our Bureau Mumbai, Oct. 18 Religare Enterprises Ltd, a financial services company, and Australia’s Macquarie Bank Ltd have signed a Joint Venture Agreement to expand Religare’s wealth management business. Under the joint venture, Macquarie would buy a 50 per cent stake in Religare Wealth Management Services Ltd, a subsidiary of Religare Enterprises Ltd. The business is expected to be renamed Religare Macquarie Wealth Ltd. The joint venture will provide wealth management services to high net-worth individuals in India. This will include access to individual managed fund products, structured products and equity investments, as part of an actively managed model portfolio of investment assets. The joint venture will also develop its own innovative structured products. More Stories on : Mergers & Acquisitions | Financial Services | Foreign Banks
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