Date:28/11/2008 URL: http://www.thehindu.com/2008/11/28/stories/2008112857901600.htm

Business - Briefly

Religare gets SEBI nod for Lotus acquisition

CHENNAI: Religare Enterprises Ltd. (REL) confirmed that Religare Securities Ltd. (RSL), its wholly owned subsidiary, has received clearance from SEBI to acquire the entire shareholding of Lotus India Asset Management Company (Lotus India AMC) from its shareholders. Lotus will now be rechristened Religare AMC and will become a wholly owned subsidiary of RSL, says a release.