Pair at 59.90/91, off 60.0750 highs, versus its previous close of 59.56/57
The transaction is part of a plan by Religare's founders, billionaire brothers Malvinder and Shivinder Singh, to bring down their holding to 49 percent in order to qualify for a banking licence in India.
Morgan Stanley reported a stronger-than-expected first-quarter profit of USD 958 million, compared with a year-earlier loss of USD 119 million, as its wealth management business grew.
JPMorgan Chase & Co should split the roles of chairman and chief executive officer to restore credibility with regulators and manage the bank more effectively, a group of investors said in a letter to other shareholders on Monday.
JPMorgan has reshuffled the management team in its corporate and investment banking businesses as it continues to reorganise.
Credit rating downgrades of the world's biggest banks expected this month could widen the gulf in prospects between the strongest banks and their weaker rivals.
Citigroup's India equity capital markets head, Vikas Khattar, has resigned from the US bank to join Morgan Stanley in India, IFR reported on Wednesday.
Citigroup Inc's second-quarter profit jumped 24% as the bank lost less money than expected on bad US loans.
Citigroup Inc's first-quarter profit fell 32% as shrinking loans and poor trading results pressured revenue while expenses surged.
Citigroup Inc is expected to report a drop in quarterly profit and revenue on Monday, as an uncertain trading environment and weak consumer loan demand hinder its efforts to move past the financial crisis.