ReligareEnterprises Ltd. completed the sale of its asset management joint ventures to partnerInvesco Ltd. for 5.31billion rupees.

As part of the deal, the Indian company sold its remaining51% stake in Religare Invesco Asset Management Co. Pvt. Ltd. and ReligareInvesco Trustee Co. Pvt. Ltd. The transaction closed April 7 following thereceipt of all required regulatory approvals.

Invesco acquired a stake in the asset management firms in 2013with an option to buy the remaining shares at a later date.

In 2015, Religare Enterprises had also its 44% stake in insurance jointventure AEGON Religare Life Insurance Co. Ltd. to partner .

As of April 7, US$1was equivalent to 66.66 Indian rupees.