• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Religare Mutual Fund will now be Religare Invesco Mutual Fund - 15 May, 2013
 

Religare Mutual Fund will now be Religare Invesco Mutual Fund - 15 May, 2013

on

  • 126 views

Check current updated religare media news coverages of day to day basis. Also check for new name of Mutual Fund as Religare Invesco mutual funds.

Check current updated religare media news coverages of day to day basis. Also check for new name of Mutual Fund as Religare Invesco mutual funds.

Statistics

Views

Total Views
126
Views on SlideShare
126
Embed Views
0

Actions

Likes
0
Downloads
2
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Religare Mutual Fund will now be Religare Invesco Mutual Fund - 15 May, 2013 Religare Mutual Fund will now be Religare Invesco Mutual Fund - 15 May, 2013 Document Transcript

    • Publication Financial ExpressDate 15.05.2013Description Religare Enterprises closes Invesco JV deal
    • Publication Financial ChronicleDate 15.05.2013Description Religare MF changes name
    • Publication Business BhaskarDate 15.05.2013Description Religare MF will now be Religare Invesco Mutual Fund
    • Publication National DuniyaDate 15.05.2013Description Religare MF’s new name
    • Publication Moneycontrol.comDate 15.05.2013Description Religare MF will now be Religare Invesco Mutual FundReligare Mutual Fund today announced the completion ofthe transaction, naming Invesco as the joint venturepartner in Religare Asset Management.Religare Enterprises Limited (REL), a leading diversified Indian Financial services groupand Invesco Limited, a leading independent global investment management firm withover US$ 748.5 billion of assets under management (as of April 30, 2013), todayannounced the completion of the transaction, naming Invesco as the joint venture partnerin Religare Asset Management. On March 28, 2013, Invesco acquired 49% shareholdingin Religare Asset Management Company Private Limited and Religare Trustee CompanyPrivate Limited and now acts as the co-sponsor of Religare Mutual Fund. ReligareMutual Fund will now be known as Religare Invesco Mutual Fund. The mutual fundschemes will also be renamed accordingly.Religare Asset Management is among the Top 15 asset managers in India and currentlymanages over INR 15,608 crores (US$ 2.89 billion) of average assets under management(quarter ending March 2013, including offshore and domestic advisory). The transactionwas announced on September 27, 2012, where the NYSE-listed Invesco Ltd., (through itsindirectly wholly owned subsidiary Invesco Hong Kong Ltd.) had announced its intentionto acquire 49% stake in Religare Asset Management Company Private Limited andReligare Trustee Company Private Limited. All necessary regulatory and board approvalshave been received.The Boards of the Asset Management Company and the Trustee Company have also beenreconstituted. Mr. Andrew Lo, Senior Managing Director and Chief Executive AsiaPacific - Invesco, has joined the AMC Board of Directors while Mr. Dean Chisholm,Regional Head of Operations, Asia Pacific Invesco has joined the Board of Directors ofthe Trustee Company.Mr. Saurabh Nanavati will continue to head the joint venture as the Chief ExecutiveOfficer along with the existing senior management team.
    • Publication Business Standard OnlineDate 15.05.2013Description Religare completes Invesco stake sale. The mutual fundhas been renamed the Religare Invesco Mutual FundReligare Asset Management has completed a 49% stake sale to global investmentmanagement firm Invesco.There has been a rejig in the boards of the asset management company with Andrew Lo,Senior Managing Director and Chief Executive Asia Pacific – Invesco joining the same.Also, Dean Chisholm, Regional Head of Operations, Asia Pacific – Invesco has joinedthe Board of Directors of the Trustee Company.“Saurabh Nanavati will continue to head the joint venture as the Chief Executive Officeralong with the existing senior management team,” said the press release.The mutual fund has been renamed the Religare Invesco Mutual Fund.The change marks the finalization of a deal which began with Invesco announcing itsintention to pick up 49% stake in the company in September 2012.Invesco has in excess of $748.5 billion in assets under management as of April 30, 2013,according to the company statement.Religare had average assets of Rs.15,608 crore during the March quarter. The mutualfund is a part of Religare Enterprises whose businesses include asset management,insurance, lending, broking and wealth management.The various schemes of the mutual fund will also be renamed to reflect the change in nowthat Invesco is on board, said the press statement.
    • Publication India InfolineDate 15.05.2013Description Religare Mutual Fund renamed as Religare Invesco MutualFundReligare Mutual Fund is renamed as Religare Invesco Mutual Fund with effect from 14May 2013. The change follows the September 2012 Religare-Invesco deal, whereinReligare AMC sold 49% stake to US-based asset management company Invesco.Following this, Religare Asset Management Company Pvt Ltd is changed to ReligareInvesco Asset Management Company Pvt Ltd. with effect from 2 April 2013.The name, Religare Trustee Company Pvt. Ltd. is changed to Religare Invesco TrusteeCompany Pvt. Ltd. with effect from 1 May 2013.The word Religare will be replaced by Religare Invesco in all funds names anddocuments.
    • Publication MyirisDate 15.05.2013Description Religare completes Invesco stake saleReligare Enterprises (REL) today announced the completion of the transaction whereinInvesco acquired 49% shareholding in Religare Asset Managemet Company and ReligareTrustee company and now acts as the co-sponsor of Religare Mutual Fund.Religare Mutual Fund will now be known as Religare Invesco Mutual Fund. The mutualfund scheme will also be name accordingly.Saurabh Nanavati will continue to head the joint venture as the chief executive officeralong with the existing senior management team.Shares of the company gained Rs 0.35, or 0.11%, to trade at Rs 309.95. The total volumeof shares traded was 19,589 at the BSE (1.24 p.m., Tuesday).
    • Publication The AssetDate 15.05.2013Description Religare, Invesco finalize partnership accordIndia’s financial services group Religare Enterprises and global investment managerInvesco have completed the transaction that makes the latter the joint venture partner inReligare Asset Management.On March 28 2013, Invesco acquired 49% shareholding in Religare Asset ManagementCompany Private and Religare Trustee Company Private and now acts as the co-sponsorof Religare Mutual Fund -- now known as Religare Invesco Mutual Fund. The mutualfund schemes will also be renamed accordingly.Religare Asset Management is among the top 15 asset managers in India and currentlymanages over US$2.89 billion of average assets under management (quarter endingMarch 2013, including offshore and domestic advisory).The transaction was announced on September 27 2012, where the NYSE-listed Invesco,(through its indirectly wholly owned subsidiary Invesco Hong Kong) had announced itsintention to acquire 49% stake in Religare Asset Management and Religare Trustee. Allnecessary regulatory and board approvals have been received.The Boards of the asset management company and the trustee company have also beenreconstituted. Andrew Lo, senior managing director and chief executive Asia-Pacific -Invesco, has joined the AMC board of directors while Dean Chisholm, regional head ofoperations, Asia-Pacific – Invesco has joined the board of directors of the trusteecompany.Saurabh Nanavati will continue to head the joint venture as the chief executive officeralong with the existing senior management team.
    • Publication Business StandardDate 15.05.2013Description A shrinking Tata Steel Europe good for parent
    • Publication Financial ChronicleDate 15.05.2013Description Gold Outlook