Industry Newsroom

Jacob Ballas India and Resurgence PE Fully Exit Religare Finvest in Sale to Religare Enterprises for USD8m

Religare Enterprises has acquired an additional 14.36% stake in Indian SME lender Religare Finvest (RFL) from private equity investors Jacob Ballas India and Resurgence PE for INR560m (approximately USD8m). Post the acquisition, RFL has become a wholly-owned subsidiary of the company. Read more