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Religare Enterprises completes acquisition of balance stake in Religare Arts Initiatives

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Capital Market

Religare Arts Initiative become a wholly owned subsidiayr of Religare Enterprises

Religare Enterprises announced that it has closed the transaction of acquiring the remaining 24.82% stake in Religare Arts Initiative (RAIL) from minority shareholders of RAIL.

Consequently, RAIL is wholly owned subsidiary of the Company.

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First Published: Dec 19 2016 | 11:06 AM IST

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