Religare Securuities Limited (RSL), the current co-sponsor of Religare Invesco Mutual Fund along with its group company, RGAM investment Advisers Private Limited, has proposed to sell their aggregate shareholding of 51% of the paid up share capital of Religare Invesco AMC to Invesco Hong Kong Limited, the other current co-sponsor of the AMC. Further, RSL also proposes to sell its shareholding of 51% of the paid up share capital of Religare Invesco Trustee Company Private Limited to Invesco.
Consequent to the change in shareholding pattern Religare Invesco Mutual Fund will be renamed as 'Invesco Mutual Fund'. Also, each scheme of the Fund House will be renamed to replace the words "Religare Invesco" with the words "Invesco India".
The option to exit without load can be exercised by the investors from February 26, 2016 to March 28, 2016.