Mumbai-based U GRO Capital likely to buy Religare Finvest for Rs 400 crore

The sale was a part of the company’s debt resolution process. Religare Enterprise was originally promoted by Malvinder and Shivinder Singh who subsequently lost control of the firm. Several banks which were lenders to Religare had said the deal would be concluded before the end of the current fiscal.

from Banking/Finance-Industry-Economic Times https://ift.tt/39OT4S0