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Sebi Dismisses Danny Gaekwad's Bid for Religare
Hindustan Times Jammu
|February 15, 2025
Capital markets regulator Sebi on Friday dismissed an application filed by Digvijay Laxhamsinh Gaekwad or Danny Gaekwad seeking an exemption to make a competing open offer for a majority stake in Religare Enterprises Ltd (REL).
NEW DELHI:
Sebi in an order stated that the price offered by Gaekwad was ₹275 per share in the proposed open offer which was ₹40 higher than the Burman Group's offer of ₹235 per share.
"The applicant (Danny Gaekwad Developments & Investments, Florida) has failed to demonstrate his ability to meet the financial obligation for making the competing open offer," it stated.
Diese Geschichte stammt aus der February 15, 2025-Ausgabe von Hindustan Times Jammu.
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