Religare takes over Lotus Mutual fund

Dear all,
The news of Lotus Mutual Fund taken over by Religare was expected as Several Fund Houses were hit hard recently due to heavy Debt Redemption triggered by concerns on quality of Portfolio and, of course, Liquidity Crunch.
Normally, any deal has a winner and loser, but here I feel both the parties are winners because Temasek's heart was never in the Indian Mutual Fund industry (considering the way it had trouble since launch), and Religare badly wanted a pie of the lucarative and Growing Indian Mutual fund industry and this acquistion will give it a headstart.
Lotus was a late entrant and struggled to gain foothold against established players like Reliance, Birla, etc. Their focus since beginning was on Debt/Liquid funds. True, they did launch Equity Funds on a monthly basis, one after another, even coming up with a unique concept of Quant Fund to India, but it was all to take advantage of "hot" markets. Except for Lotus India Tax Plan, all their funds have failed to perform even on par with the Benchmark.
However, Lotus Mutual fund continued to be plagued by losses. And the Stock Markets seeing a Meltdown, and Debt Market too going through a liquidity crunch, Lotus was facing the barrel and had very little option than to sell out in the face of future clouded with uncertainty.

The biggest beneficiaty in this deal, to me, would be the Lotus Mutual fund Investors. They can now be sure of their funds being managed better.
Regards,
Srikanth Shankar Matrubai