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RGAM Investment Advisers Private Limited (RGAM), a wholly owned subsidiary of Religare Enterprises Limited (REL), divested its entire stake in its wholly-owned subsidiary, Cerestra Advisors Pvt. Ltd. (CAPL) to Cerestra Managers Private Limited (Cerestra Managers), a company registered under the laws of India.

This transaction was entered into after the transaction agreements entered into earlier this year in relation to the sale of stake in CAPL were terminated by the parties.

Law firm J. Sagar Associates (JSA) advised RGAM Investment Advisers Private Limitedc in the transaction. The JSA Team comprised of Partner – Lalit Kumar and Principal Associate – Bharati JoshiLitigation advice was provided by Partner Dheeraj Nair and Associate – Kumar Kislay.