Tuesday, January 22, 2008

Religare Enterprises - Outcome Of Board Meeting

Religare Enterprises Ltd has informed that the Board of Directors of the Company at its meeting held on January 21, 2008, inter alia, has considered the following:1. Approved moving an application to Central Government for seeking exemption from attaching Annual Reports of Subsidiary Companies along with Annual Report of the Company.2. Approved making investment in a Joint Venture with AEGON NV for Life Insurance Business.3. Approved embarking upon non-life insurance business through its subsidiary.4. Took on record the in principle approval received from SEBI for sponsoring an Asset Management Company through its subsidiary.

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