Invesco to increase its shareholding to 100% in AMC JV with Religare
Religare Enterprises announced that Invesco and the Company have entered into a definitive agreement to increase Invesco's shareholding to 100% in the India asset management JV, Religare Invesco Asset Management Company (RIAMC). The transaction is subject to customary Indian regulatory approvals.RIAMC is a 51% /49% JV between Religare and Invesco, with an average asset base of over Rs 21593.51 crore (for the quarter ending September 2015).
Saurabh Nanavati will continue as the CFO, along with the existing senior management team.
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