Essayer OR - Gratuit
Florida investor makes competing bid for Religare
The New Indian Express Bhubaneswar
|January 26, 2025
Gaekwad makes offer at ₹275/share against ₹235/share by Burmans
IN a fresh twist to the acquisition of diversified fintech firm Religare Enterprise Limited (REL), Florida-based businessman Danny Gaekwad has made a counter offer in cash for the company at ₹275 a share as against ₹235 apiece made by the Burman Family of the FMCG major Dabur group.
The offer was made in a letter addressed to the Chairperson of market regulator Securities and Exchange Board of India (Sebi), as per a filing made by Religare to the BSE. Written on behalf of Danny Gaekwad Developments & Investments Florida, the letter stated its offer of ₹275 per equity share represents a 17% premium to the open offer price offered by the Burmans and a 24% premium to the 60-day volume weighted average price of REL's shares calculated with a reference date of September 22, 2023, of ₹221.
Cette histoire est tirée de l'édition January 26, 2025 de The New Indian Express Bhubaneswar.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The New Indian Express Bhubaneswar
The New Indian Express Bhubaneswar
Sex edu must be from young age, not from Class IX: SC
SEX education should be provided to children from a younger age, not from Class IX onwards, the Supreme Court held.
1 min
October 10, 2025
The New Indian Express Bhubaneswar
RCPL relaunches Velvette brand in Chennai
RELIANCE Consumer Products Limited (RCPL), FMCG arm of Reliance Industries Limited, on Thursday launched Tamil Nadu's iconic personal-care brand Velvette, in collaboration with the CK Rajkumar family.
1 min
October 10, 2025
The New Indian Express Bhubaneswar
Autonomy debate rages after IIM director quits
3rd head in five yrs to quit over rift with board
1 mins
October 10, 2025
The New Indian Express Bhubaneswar
30 Japanese cos to invest in Guj to support 4 chip plants
THE four upcoming semiconductor projects in Gujarat are already attracting investments from ancillary and component manufacturers to support the sector in the state, Minister for Electronics and IT (MeitY), Ashwini Vaishnaw, said here on Thursday.
1 min
October 10, 2025
The New Indian Express Bhubaneswar
Presumptive tax plan raises double-taxation worry
NITI Aayog's recent suggestion to introduce an optional presumptive taxation scheme for foreign companies has sparked debate among tax experts.
1 mins
October 10, 2025
The New Indian Express Bhubaneswar
India-UK FTA: Air India, IndiGo expand UK ops
TWO of India's leading carriers - Air India and IndiGo - are aggressively expanding their operations between India and the United Kingdom (UK).
1 min
October 10, 2025
The New Indian Express Bhubaneswar
WHO calls out regulatory gaps in screening of toxic chemical in cough syrups
AMID widespread outrage over the death of 23 children in Madhya Pradesh after consuming a cough syrup, the World Health Organization (WHO) has expressed concern about the regulatory gaps in the screening of diethylene glycol (DEG) for the domestic market.
1 min
October 10, 2025
The New Indian Express Bhubaneswar
A HIMALAYAN LEAP BEYOND 3 Ts
NDUSTRIALIST Harsh Goenka posted on social media that, as a patriot, he was utterly confused.
3 mins
October 10, 2025
The New Indian Express Bhubaneswar
Full freedom to forces against terror in J&K: Shah
UNION Home Minister Amit Shah on Thursday chaired a high-level meeting to assess the security situation in Jammu and Kashmir and reiterated the government’s commitment toa terrorism-free region.
1 mins
October 10, 2025
The New Indian Express Bhubaneswar
Guj CM unveils master plan worth ₹15L cr
GUJARAT Chief Minister Bhupendra Patel unveiled the Regional Economic Master Plan for six key economic regions of the state at the inaugural Vibrant Gujarat Regional Conference held in Mehsana, North Gujarat.
1 min
October 10, 2025
Listen
Translate
Change font size