Religare hikes stake in Vistaar Religare Capital
Delhi-based financial services firm Religare Enterprises Ltd (REL) has hiked its stake in Vistaar Religare Capital Advisors Ltd (VRCAL), from 50% to 74% for an undisclosed amount.
By ET Bureau |
NEW DELHI: Delhi-based financial services firm Religare Enterprises Ltd (REL) has hiked its stake in Vistaar Religare Capital Advisors Ltd (VRCAL), from 50% to 74% for an undisclosed amount.
The joint venture between REL and film production company Vistaar Entertainment Ventures Pvt Ltd which manages a film fund with a corpus of Rs 200 crore, was formed last year.
As a result of the transaction, VRCAL has now become a subsidiary of REL, a public listed holding company of various financial services businesses promoted by former Ranbaxy owners, Malvinder and Shivinder Singh.
The joint venture between REL and film production company Vistaar Entertainment Ventures Pvt Ltd which manages a film fund with a corpus of Rs 200 crore, was formed last year.
As a result of the transaction, VRCAL has now become a subsidiary of REL, a public listed holding company of various financial services businesses promoted by former Ranbaxy owners, Malvinder and Shivinder Singh.
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