Edelweiss to acquire Religare's securities business
Mumbai-based Edelweiss Financial Services has agreed to acquire Religare Enterprises' securities business, the company said on Wednesday. Edelweiss said it will take on the Religare's pan-India distribution of around 1,250 points of presence including over 90 branches and over 10 lakh clients. Religare Securities offers securities and commodities broking as well as depository participant services.