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मैगज़्टर गोल्ड के साथ असीमित हो जाओ

मैगज़्टर गोल्ड के साथ असीमित हो जाओ

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Frivolous': Sebi rejects Gaekwad's bid for Religare

Mint Chennai

|

February 15, 2025

The Burmans' open offer for Religare closed on Thursday, with the family taking its total holding in the firm to 25.44%

- Neha Joshi

Frivolous': Sebi rejects Gaekwad's bid for Religare

The Securities and Exchange Board of India (Sebi) on Friday dismissed an application from US-based investor Digvijay 'Danny' Gaekwad (Danny Gaekwad Developments and Investments) who sought permission to make a competing open offer for Religare Enterprises Ltd.

Gaekwad had requested an exemption under the Substantial Acquisition of Shares and Takeovers (SAST) Regulations to propose an offer at ₹275 per share, aiming to acquire 55% of Religare's outstanding share capital. His bid sought to surpass the Burman Group's existing open offer, which was priced at ₹235 per share.

Mint Chennai

यह कहानी Mint Chennai के February 15, 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।

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