Religare wins the award for 'Best Brokerage Research House'

Company Brief

Mumbai, March 23, 2011

Religare Capital Markets Limited (RCML), the Investment Banking and Institutional Securities arm of financial services group, Religare Enterprises Limited, has been awarded the coveted Starmine Award for the 'Best Brokerage Research house'. At a glittering awards ceremony in Mumbai, RCML was the only firm to be so honored, for the overall excellence of its coverage of companies, and quality of research.

RCML's 35 member research team in India covers 185 listed stocks in India, serving the information needs of domestic and foreign financial institutions.

The StarMine Analyst Awards are part of the Thomson Reuters' global family of awards which celebrate exceptional performance throughout the professional investment community. The StarMine Analyst Awards and StarMine Broker Rankings recognize the world's top individual analysts and sell-side firms based on the objective measurement of their estimate accuracy and recommendation performance and are calculated using StarMine equity analyst performance data, which has been rigorously tested and proven in the marketplace since 1998.

Speaking on the recognition, Chief Executive Officer, Religare Capital Markets, India, Mr. Tarun Kataria, said, "We are truly delighted to receive this award, as it recognizes the considerable expertise sitting in our India equities and research business. To have received this award is a sign of the progress we have made, both in India and in other emerging markets."

In addition to the Best Brokerage Research House award, several Religare professionals won individual awards in various individual categories which included sectors such Real Estate, Transportation, Consumer Goods & Services, Energy and Information Technology.

For further information, please contact:

Religare Enterprises Limited

Subhrangshu Neogi

Mobile: +919910993925

Email: subhrangshu.neogi@religare.in