Invesco Buys 49% Stake In Religare Asset Management

Law360, New York (September 27, 2012, 1:37 PM EDT) -- Atlanta-based investment giant Invesco Ltd. has agreed to acquire a 49 percent interest in the asset management arm of Indian financial services firm Religare Enterprises Ltd. to form a global joint venture, the companies said Thursday.

Invesco said it will acquire the minority stake in Religare Asset Management Co. Ltd., one of India's largest asset management companies and a subsidiary of Religare Enterprises. The company had roughly $2.6 billion in assets under management as of Aug. 31, according to Thursday's release.

The deal is subject to...
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