Profit

Religare acquires Lotus AMC

PUBLISHED ON: November 4, 2008 | Duration: 2 min, 15 sec

  
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Integrated financial services group Religare Enterprises was quick to quick to grab Lotus India Asset Management Company, as the latter succumbed to redemption pressures from its debt funds. Religare got a deal strongly in its favour at rock bottom valuations, as the first sign of capitulation in the Indian mutual funds industry.
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