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BURMANS INVESTMENT IN RELIGARE
Burmans raise stake in Religare to 30% via open market purchasesThe Burman family is making waves in the financial sector by increasing their stake in Religare Enterprises to roughly 30%. This strategic ...- Dabur's Anand Burman, Mohit Burman, Aditya Burman set to join Religare BoardDabur's Burman family, now controlling Religare, is set to appoint three members to its board, pending RBI approval. This follows their suc...
- Burman family to infuse Rs 750 cr in Religare Enterprises as part of Rs 1,500 cr fundraiseThe Burman family will invest Rupees 750 crore in Religare Enterprises. This is part of a Rupees 1,500 crore capital raise. The Board appro...
- Religare Enterprises withdraws NCLAT petition against CCI order favouring Burman group's stake buyReligare Enterprises has withdrawn its appeal against the CCI order allowing Burman group entities to acquire a stake in the firm. This fol...
- Religare asks subsidiaries to initiate removal of Rashmi Saluja from their boardsReligare Enterprises' board has directed its subsidiaries to remove former executive chairperson Rashmi Saluja and Rakesh Asthaana from the...
- With Burman's in the driving seat, fresh funds and a new name on cards for ReligareThe Burman family has officially taken over Religare Enterprises Ltd (REL) and plans to infuse ₹2,000 crore by subscribing to preferential ...
- Florida investor makes counter-offer for Religare EnterprisesThe unexpected move comes even as the Burmans of Dabur are about to launch their open offer for the Delhi-based company. Digvijay (Danny) G...
- Religare Enterprises shares surge over 9% to hit fresh 52-week highThe Reserve Bank of India (RBI) has conditionally approved the Burman family's open offer to acquire an additional 26% stake in Religare En...
- SAT orders Religare to apply with Sebi for open offer by BurmansReligare Enterprises directed by SAT to apply for Burman family's open offer to increase stake. Sebi's show cause notice stayed temporarily...
- Sebi asks Religare to file Burmans’ open offer planSebi directs Religare to apply with open offer proposal by Burman family to purchase additional 26% stake from public shareholders.
- Religare Board Seat Offered to Ex-Dabur Chairman Many Times, says chairperson Rashmi SalujaRashmi Saluja, a doctor by training, who joined Religare as an independent director in 2018 and became its chairperson next year, said that...
- Religare moves HC over Sebi 'inaction'Religare has asked the court to direct Sebi to conduct a forensic audit to unearth the facts behind the grievances raised by it and to subm...
- Saluja-led Religare suffers setback as shareholders reject two proposalsCorporate watchers said the decision by shareholders is significant given that the Burmans have announced an open offer to acquire an addit...
- Burman family buys 3.6% stake in Religare Enterprises for Rs 277 croreDabur India promoter Burman family on Wednesday bought a 3.6 per cent stake in diversified financial services group Religare Enterprises fo...
- CCI seeks details from Religare on Burmans' merger, role plansThe Competition Commission of India (CCI) has also sought communication documents exchanged between the Burmans and Religare from October 1...
- Dabur's open offer price for Religare is fair: Mohit BurmanOnce the open offer is concluded, the Burman family-owned entities - currently the largest shareholding bloc at Religare - will nominate th...
- Religare chair Saluja opposing Burmans' open offer fearing loss of control, says Mohit BurmanThe Dabur Group scion said he is surprised by the behaviour of the Religare board, which had backed the open offer but is now against it.
- Burman family is a 'long-term investor' in Religare: Mohit BurmanThree Burman Family entities -- Puran Associates, Vic Enterprises and M B Finmart -- acquired a 7.5 per cent stake in Religare Enterprises ...
- Religare jumps 5% after Burmans of Dabur pick stakeThe Burmans altogether hold 28.7 million shares in Religare.
- Burmans of Dabur buy warrants to pick up 9.9% stake in Religare EnterprisesBurmans now hold 28.7m shares in Religare after they converted 28.6m warrants issued to three family investment vehicles.
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