[ad_1] The Securities and Exchange Board of India (SEBI) has refused to grant an exemption to Digvijay Gaekwad (Danny Gaekwad Developments & Investments, Florida) to launch a competing open offer against the Burman Group’s bid for Religare Enterprises Ltd (REL). Company Value Change %Change Gaekwad had submitted applications via letters dated January 24, January 26, […]
Battle for Religare: SC tells US investor to deposit ₹600 cr by Feb 12, keeps Burman offer open – CNBC TV18
[ad_1] The Supreme Court (SC) has directed that the open offer by the Burman family for Religare Enterprises will not close as scheduled today. Company Value Change %Change The offer will remain open until February 12, the deadline for Florida-based investor Digvijay Gaekwad to deposit ₹600 crore as earnest money. The court has further ruled […]
Burman Group says revised offer from US investor Digvijay Gaekwad ‘lacks substance & credibility’ – CNBC TV18
[ad_1] The Burman Group, known for its association with Dabur, has firmly rejected claims made by US-based investor Digvijay L Gaekwad regarding a competing open offer for Religare Enterprises (REL). In a statement released on Sunday, the Burman Group accused Gaekwad of attempting to mislead shareholders and said that his request lacks substance and credibility. […]
Religare gets counterbid from US investor Digvijay Gaekwad to Burman’s open offer – CNBC TV18
[ad_1] Religare Enterprises has received a counterbid from a US-based investor, Digvijay Gaekwad, in response to the Burman family’s open offer for the company. Gaekwad has proposed an open offer for 26% of Religare’s equity at ₹275 per share, a 17% premium to the Burman family’s bid of ₹235 per share. Company Value Change %Change […]
Religare Enterprises announces SEBI approval for change in ownership of co – CNBC TV18
[ad_1] Religare Enterprises Ltd (REL) has confirmed that its material subsidiary, Religare Broking Ltd (RBL), has received approval from the Securities and Exchange Board of India (SEBI) for a change in management, shareholding, and control. SEBI granted the approval on December 23, 2024, following RBL’s application for the proposed changes. This announcement follows REL’s update […]
Religare Enterprises clears ₹163.75 crore debt, becomes debt-free – CNBC TV18
[ad_1] Religare Enterprises, which is currently a takeover target for the Burman family of FMCG firm Dabur, announced that it has successfully cleared ₹163.75 crore in debt owed to JM Financial Products and JM Financial Credit Solutions. “Upon such re-payment, the company has now become an external debt-free entity,” the financial services company stated in […]