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Religare Withdraws NCLAT Petition Against CCI Order

Financial Express Pune

|

March 10, 2025

RELIGARE ENTERPRISES HAS withdrawn its appeal at the NCLAT against a competition watchdog CCI order that allowed four Burman group entities to acquire a 5.27% stake in the financial services firm.

- PRESS TRUST OF INDIA

The move comes after the Burman family, through its investment firms, gained a controlling stake in Religare Enterprises Limited (REL) after acquiring 25.16% of equity shares through an open offer.

The total holding of Burman family, which also owns FMCG firm Dabur and Eveready, now exceeds 50%, consolidating their position as the largest shareholders in the firm.

Financial Express Pune

यह कहानी Financial Express Pune के March 10, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

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