New Delhi: Religare Enterprises on Saturday said its US-based asset management subsidiary has completed the process of exiting from two affiliates in the US.
"We would like to inform you that Religare Global Asset Management Inc, USA, wholly-owned subsidiary of the company, has completed its exit from Northgate Capital LLC and Northgate Capital LP, US-based affiliates," it said in a regulatory filing.
The transaction was closed on July 22, following the receipt of all required approvals, it added.
Shares in Religare Enterprises, on Friday, ended 0.58 per cent higher at Rs 278 on the BSE, whose benchmark Sensex index finished up 0.33 per cent.
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