Religare Enterprises Ltd (REL) one of the leading integrated financial services groups of India, confirmed that Religare Securities Ltd (RSL), its wholly owned subsidiary has received clearance from SEBI to acquire the entire shareholding of Lotus India Asset Management Company (Lotus India AMC) from its shareholders. Earlier this month, Religare had announced its decision to acquire Lotus AMC and subsequently announced its restructuring plans relating to Religare's partnership with Aegon in the asset management business in India. Religare had a 50-50 JV with Aegon in 'Religare Aegon AMC'. Religare has also received regulatory approval for divesting its stake in this AMC partnership. […]