RELIGARE CAPITAL MARKETS WINS BEST M&A DEAL AWARD


New Delhi, December 21, 2009: Religare Capital Markets Limited (RCML), the investment banking arm of Religare Enterprises Limited (REL), a diversified financial services company, was recognized for excellence in deal-making at the 8th Annual M&A awards announced in New York recently. The international award recognized RCML’s excellence in deal making for the Ranbaxy-Daiichi deal in the healthcare/life sciences category (US$ 100 mn and above).


The M&A Advisor’s 8th Annual Awards Gala honored major landmark deals in the period September 2008 to August 2009. The awards gala, which is held every year, is one of the major international networking events in the M&A industry. Since 1998, The M&A Advisor has been connecting professionals in mergers and acquisitions, distressed investing and related financial industries through its leading conferences and award galas.


RCML acquired Hichens, Harrison & Co Plc in 2008, said to be the oldest brokerage firm of London, imparting a global footprint to Religare’s investment banking business. In the recent past, you might recall that RCML was also part of the Fortis-Wockhardt deal.


As part of its global Investment Banking strategy, RCML also recently announced the appointment of capital market professional Mr. Martin Newson as CEO, Global Investment Banking. He oversees the entire Investment Banking Business of Religare globally (including India).


Commenting upon the award, Mr. Martin Newson, CEO, Global Investment Banking Business, RCML, said, “We are really proud of this achievement. It reflects Religare’s commitment to innovate and set benchmarks for the industry nationally as well as globally. It is also a testament to the high standards of advisory services that Religare offers.”


The winners in other categories included Houlihan Lokey and Kramer Levin Naftalis for acquisition of Bearing Point by Deloitte, Robert W.Baird & Co for sale of Norwesco Inc. to Olympus Partners, Raymond James for acquisition of Nuclear fuel services by Babcock & Wilcox, and Imperial Capital for sale of Motorola’s biometric business to Sagem to name a few.


At the M&A Awards gala, the Industry Award winners were announced “Academy-Awards style” at the New York Athletic Club in New York City on December 14, 2009. The event was aimed at honouring deal-teams, deal-makers, and firms whose activities have set the standard for the industry. This year, 170 finalists in 34 categories were chosen. An independent body of experts that spans the M&A industry determined the ultimate recipients of the awards.


About Religare Capital Markets

Religare Capital Markets (RCL), a wholly owned subsidiary of Religare Enterprises Limited, is committed to envisioning a global investment banking business with special focus on emerging markets. Currently, it operates from multiple global locations and through its acquisition of Hichens, Harrison & Co in 2008, believed to be one of the oldest broking and investment firms of London, has offices across the globe.

A diversified financial services group with a pan-India and global presence, Religare Enterprises Limited (REL) offers a comprehensive suite of customer-focused financial products and services targeted at retail investors, high net worth individuals and corporate and institutional clients.

 

REL, along with its joint venture partners, offers a range of products and services in India, including asset management, life insurance, wealth management, equity and commodity broking, investment banking, lending services, private equity and venture capital. Religare has also ventured into the alternative investments sphere through its holistic arts initiative and film fund.

 

The company has many firsts to its credit. With a view to expand, diversify and introduce offerings benchmarked against global best practices, Religare operates in the life insurance space under ‘Aegon Religare Life Insurance Company Limited’ and has launched India’s first wealth management joint venture under the brand name ‘Religare Macquarie Private Wealth’.

 

It has launched India’s first 360 degrees Arts Initiative – with a gallery as well as the first SEBI approved Film Fund- institutionalizing the film space and augmenting the alternate asset class of investments products. 

 

REL’s IPO listing on the national exchanges in 2007 was a huge success with the oversubscription figures shooting up to almost 163 times, which is a record till date.

 

REL operates from seven domestic regional offices, 43 sub-regional offices, and has a presence in 503 cities and towns controlling 1,873 business locations all over India.

 

For more information, please visit www.religare.in


“Religare Enterprises Limited proposes, subject to receipt of requisite approvals, market conditions and other considerations, to make a rights issue of its equity shares to its existing shareholders and has filed a draft letter of offer (“DLOF”) with the Securities and Exchange Board of India (“SEBI”). The DLOF is available on the website of SEBI at www.sebi.gov.in as well as on the websites of the lead manager at www.enam.com. Investment in equity shares involves a high degree of risk and for details relating to the same, please refer to the section titled “Risk Factors” of the DLOF.”



For further information contact:


Varun Soni

Vice-President – Corporate Communications

Religare Enterprises Limited

M – 011 - 9650148885

Email: soni.varun@religare.in




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