India: Singh brothers struggle to sell Religare stake

India: Singh brothers struggle to sell Religare stake

Visual from Religare website

Malvinder Singh and Shivinder Singh, promoters of Religare Enterprise Ltd (REL), haven’t been able to sell their stake in the financial services group because most potential buyers are interested in parts of the business, but reluctant to buy all of it, according to multiple people involved in the process.

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