Tuesday, August 17, 2010
Religare May Apply for Banking License in India, Chief Executive Nath Says
Bloomberg
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Religare has announced an investment of USD 1 bn for expanding its global asset management platform.Religare has determined on partnering with best of breed Asset Management firms from across the world operating within a variety of asset classes and investment disciplines.
The board of Religare has approved a equity partnership in Northgate Capital, a leading global private equity and venture capital firm with principal offices in the San Francisco Bay Area and London, UK.
Northgate Capital manages a series of funds providing access to top performing fund opportunities and direct company investments managed by some of the world’s highly respected private equity and venture capital managers. Northgate manages approximately $3 billion for over 400 distinguished institutional and high net worth families and individuals.
For more details logon to http://www.northgate.com/