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Monday, May 9, 2011 - 05:30 IST
Religare Picks Up 40% In Mauritius-Based Asset Manager IPRO
BY Shrija Agrawal
In Dec, Religare acquired 55% stake in the US-based Landmark Partners, a PE and real estate fund-of-funds asset manager.
Religare Enterprises has acquired a 40 per cent stake in Mauritius-based asset manager IPRO, which will give the New Delhi based diversified financial services group access access to sub-Saharan African markets. IPRO manages about $300 million in assets.
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