After a prolonged corporate battle, the Burman family, on Thursday, February 20, acquired control of Delhi-based financial services firm Religare Enterprises and designated as its promoters. Company Value Change %Change “We are grateful to our regulators, shareholders, and other stakeholders for their trust and confidence,” said the Burman family in a statement. “Our immediate priority […]
SEBI denies extension to Gaekwad for Religare bid, calls move ‘frivolous’ – CNBC TV18
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, and […]
Sensex Today | Stock Market LIVE Updates: Nifty looks at remaining above 23,000, Hindalco, Nazara Tech in focus
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 23,031.40, while Sensex ended at 76,138.97. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 3,245.95 points below its record high of 26,277.35. Overnight, […]
Battle for Religare: SC tells US investor to deposit ₹600 cr by Feb 12, keeps Burman offer open – CNBC TV18
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 that […]
Sensex Today | Stock Market LIVE Updates: Nifty, Sensex set for muted open; RBI MPC decision today
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 23,603.35, while Sensex ended at 78,058.16. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 2,674 points below its record high of 26,277.35. Overnight, […]
Danny Gaekwad group seeks SEBI nod for competing open offer for Religare – CNBC TV18
US-based entity Danny Gaekwad Developments & Investments on Monday urged capital market regulator SEBI to reconsider its proposal for a competing open offer proposal for Religare Enterprises Ltd (REL). Company Value Change %Change In a regulatory filing, REL posted a letter written by Danny Gaekwad Developments & Investments addressed to SEBI Chairperson, requesting for grant […]
Sensex Today | Stock Market LIVE Updates: Nifty, Sensex set to open higher; Bajaj Auto, BHEL in focus
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session higher. Nifty 50 closed at 22,957.25, while Sensex ended at 75,901.41. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 3,320.1 points away from its record high of 26,277.35. Overnight Wall […]
Stocks to Watch on January 29: Bajaj Auto, M&M Financial, SBI Card, Mahanagar Gas and more – CNBC TV18
1 / 18 Bajaj Auto | Pune-based automaker reported a 3.3% year-on-year (YoY) increase in net profit at ₹2,108.7 crore for the third quarter that ended on December 31, 2024. In the corresponding quarter of the previous fiscal, Bajaj Auto posted a net profit of ₹2,042 crore. The CNBC-TV18 poll had predicted a profit of […]
Burman Group says revised offer from US investor Digvijay Gaekwad ‘lacks substance & credibility’ – CNBC TV18
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. Company […]
Religare gets counterbid from US investor Digvijay Gaekwad to Burman’s open offer – CNBC TV18
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 Gaekwad’s […]