open offer

Religare IPO before July 12

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Religare IPO before July 12

A spokesperson for the Burman family said: “We remain committed to completing the Open Offer in the interest of public shareholders of Religare Enterprises Ld.” In response to the Sebi order, a Religare spokesperson said: “As per Sebi’s advisory the company will apply for the fit and proper status of the acquirers for the open … Read more

Sebi asks Religare Enterprises to apply for regulatory approval for open offer by Burman Group

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Sebi asks Religare Enterprises to apply for regulatory approval for open offer by Burman Group

Markets regulator Sebi has asked Religare Enterprises to apply for approvals to let the billionaire Burman family buy more shares in the financial services company, dealing a blow to the company’s attempt to block the move. The Burmans, who founded and control consumer goods conglomerate Dabur India, raised its stake in Religare to nearly 25% … Read more