Financial services company Religare Enterprises Ltd announced the sale of its non-banking financial company (NBFC) arm, Religare Finvest Ltd (RFL), to asset management company TCG Advisory Services Pvt. Ltd. As part of the deal, Religare Housing Development Finance Corp. Ltd (RHDFC), the housing finance subsidiary of Religare Finvest, will also change hands. Religare Finvest chief executive Sanjay D. Palve said the deal will help get rid of its liabilities. Calling it a “win-win” situation for both Religare Enterprises and TCG Advisory Services