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Bay Capital ups stake in Religare to over 10%

By TEAM VCC

  • 14 Dec 2017
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Bay Capital ups stake in Religare to over 10%
Credit: Thinkstock

Private investment firm Bay Capital has acquired an additional stake in Religare Enterprises Ltd, the public-listed financial services firm controlled by brothers Malvinder and Shivinder Singh, becoming the single-largest non-promoter shareholder.Two entities associated with Bay Capital, which manages pooled investment funds, bought shares worth Rs 54 crore ($8.4 million) on ......

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