Religare acquires Lotus AMC

  • 2:15
  • Published On: November 04, 2008
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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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