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RBI approves Burmans' open offer to acquire 26% stake in Religare
The New Indian Express
|December 11, 2024
THE Reserve Bank on Tuesday approved the open offer of Burman family, the promoters of FMCG major Dabur, to acquire an additional 26% stake in NBFC firm Religare Enterprises Ltd (REL).
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The RBI directed maintaining of the current board/management structure of REL. The central bank said it has granted its "approval for the proposed increase in shareholding of existing shareholders" -- four Burman family entities Puran Associates, VIC Enterprises, M B Finmart, and Milky Investment & Trading Company -- in Religare Enterprises Ltd (REL).
This story is from the December 11, 2024 edition of The New Indian Express.
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