India's Religare board approves buying Lotus fund

Reuters, 4 Nov 2008, Janaki Krishnan

MUMBAI, Nov 4 (Reuters) - India's Religare Enterprises Ltd said on Tuesday its board has approved a proposal to buy 100 percent or a majority stake in Lotus India Asset Management Company Pvt Ltd. Lotus India is a joint venture between a unit of Singapore's Temasek Holdings [TEM.UL] and London-based Sabre Capital Worldwide.

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