 "bank merger")
Purnendu Chatterjee-owned The Chatterjee Group (TCG) Advisory Services has entered into an agreement with Religare Enterprises to acquire its NBFC arm Religare Finvest (RFL) and housing finance company Religare Housing Development Finance Corporation (RHDFC).
SBI Capital Markets acted as an advisor in the whole transaction. RFL has liabilities of Rs 5,800 crore, which are being restructured by a group of lenders, headed by State Bank of India (SBI).
In a filing to the stock exchanges, Religare Enterprises said it would divest its entire stake in RFL to TCG Services or any of its affiliates. This means TCG will gain control of
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