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Publication Financial Express

Date 15.05.2013

Description Religare Enterprises closes Invesco JV deal

7/30/2019 Religare Direct Coverage- May 15 2013

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Publication Financial Chronicle

Date 15.05.2013

Description Religare MF changes name

7/30/2019 Religare Direct Coverage- May 15 2013

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Publication Business Bhaskar

Date 15.05.2013

Description Religare MF will now be Religare Invesco Mutual Fund

7/30/2019 Religare Direct Coverage- May 15 2013

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Publication National Duniya

Date 15.05.2013

Description Religare MFs new name

7/30/2019 Religare Direct Coverage- May 15 2013

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Publication Moneycontrol.com

Date 15.05.2013

Description Religare MF will now be Religare Invesco Mutual FundReligare Mutual Fund today announced the completion of

the 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 fund

schemes 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.

http://services.bluebytes.info/BlueBytes/include/DetNewsMultiPage.php?mode=News&isChild=0&NID=ce15c0c9Ac9ceA4870A9df8A21fc91782465&NUID=26421&Comp=9BEC51A2-8055-4AC0-91F1-783BC2550461&len=4&isLevel=213992&FromD=2013-05-15&ToD=2013-05-15http://services.bluebytes.info/BlueBytes/include/DetNewsMultiPage.php?mode=News&isChild=0&NID=ce15c0c9Ac9ceA4870A9df8A21fc91782465&NUID=26421&Comp=9BEC51A2-8055-4AC0-91F1-783BC2550461&len=4&isLevel=213992&FromD=2013-05-15&ToD=2013-05-15http://services.bluebytes.info/BlueBytes/include/DetNewsMultiPage.php?mode=News&isChild=0&NID=ce15c0c9Ac9ceA4870A9df8A21fc91782465&NUID=26421&Comp=9BEC51A2-8055-4AC0-91F1-783BC2550461&len=4&isLevel=213992&FromD=2013-05-15&ToD=2013-05-15http://services.bluebytes.info/BlueBytes/include/DetNewsMultiPage.php?mode=News&isChild=0&NID=ce15c0c9Ac9ceA4870A9df8A21fc91782465&NUID=26421&Comp=9BEC51A2-8055-4AC0-91F1-783BC2550461&len=4&isLevel=213992&FromD=2013-05-15&ToD=2013-05-15http://services.bluebytes.info/BlueBytes/include/DetNewsMultiPage.php?mode=News&isChild=0&NID=ce15c0c9Ac9ceA4870A9df8A21fc91782465&NUID=26421&Comp=9BEC51A2-8055-4AC0-91F1-783BC2550461&len=4&isLevel=213992&FromD=2013-05-15&ToD=2013-05-15http://services.bluebytes.info/BlueBytes/include/DetNewsMultiPage.php?mode=News&isChild=0&NID=ce15c0c9Ac9ceA4870A9df8A21fc91782465&NUID=26421&Comp=9BEC51A2-8055-4AC0-91F1-783BC2550461&len=4&isLevel=213992&FromD=2013-05-15&ToD=2013-05-15http://services.bluebytes.info/BlueBytes/include/DetNewsMultiPage.php?mode=News&isChild=0&NID=ce15c0c9Ac9ceA4870A9df8A21fc91782465&NUID=26421&Comp=9BEC51A2-8055-4AC0-91F1-783BC2550461&len=4&isLevel=213992&FromD=2013-05-15&ToD=2013-05-15http://services.bluebytes.info/BlueBytes/include/DetNewsMultiPage.php?mode=News&isChild=0&NID=ce15c0c9Ac9ceA4870A9df8A21fc91782465&NUID=26421&Comp=9BEC51A2-8055-4AC0-91F1-783BC2550461&len=4&isLevel=213992&FromD=2013-05-15&ToD=2013-05-15

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Publication Business Standard Online

Date 15.05.2013

Description Religare completes Invesco stake sale. The mutual fundhas been renamed the Religare Invesco Mutual Fund

Religare 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 PacificInvesco joining the same.

Also, Dean Chisholm, Regional Head of Operations, Asia PacificInvesco has joinedthe Board of Directors of the Trustee Company.

Saurabh Nanavati will continue to head the joint venture as the Chief Executive Officer

along 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 mutual

fund 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.

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Publication India Infoline

Date 15.05.2013

Description Religare Mutual Fund renamed as Religare Invesco MutualFund

Religare 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.

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Publication Myiris

Date 15.05.2013

Description Religare completes Invesco stake sale

Religare 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 volume

of shares traded was 19,589 at the BSE (1.24 p.m., Tuesday).

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Publication The Asset

Date 15.05.2013

Description Religare, Invesco finalize partnership accord

Indias 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 ending

March 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-PacificInvesco has joined the 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.

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Publication Business Standard

Date 15.05.2013

Description A shrinking Tata Steel Europe good for parent

7/30/2019 Religare Direct Coverage- May 15 2013

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Publication Financial Chronicle

Date 15.05.2013

Description Gold Outlook