Demand is slowing down, addressable market of various businesses are shrinking, competition has intensified, business sentiments are low, world’s biggest economies are in recession and market valuations are at historic lows—seriously, the time has come to witness history’s biggest consolidation phase. We intend to re-start our blog to track the M&A and PE related events in India and in the world which will have likely impact on India. Keep visiting.
Tuesday, April 21, 2009
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. 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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