मैगज़्टर गोल्ड के साथ असीमित हो जाओ

मैगज़्टर गोल्ड के साथ असीमित हो जाओ

10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ

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कोशिश गोल्ड - मुक्त

Florida investor makes competing bid for Religare

The New Indian Express Hubballi

|

January 26, 2025

Gaekwad makes offer at ₹275/share against ₹235/share by Burmans

- ENS ECONOMIC BUREAU @ New Delhi

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.

The New Indian Express Hubballi से और कहानियाँ

The New Indian Express Hubballi

The New Indian Express Hubballi

India's chess World Cup campaign over

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Brave cop killed in C’garh Maoist encounter

Struck by Naxals’ bullets, he fought till the end

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Rinku ends TN's bid to qualify for quarters

SORRY SEASON FOR TAMIL NADU

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India, Germany system to avoid copter crash

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2 mins

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1 more BLO dies, Didi says EC must stop SIR

ONE more booth-level officer (BLO) died on Wednesday in West Bengal allegedly due to work pressure in connection with the ongoing special intensive revision (SIR) of electoral rolls in the state.

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1 min

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The New Indian Express Hubballi

Amid Pak blockade, AI seeks govt’s help for using China military airspace

AIR India has asked the Centre to persuade China to allow their aircraft to use a section of its restricted military airspace in Xinjiang as the ongoing Pakistani airspace closure continues to inflict steep financial losses on Indian carriers. India-China flights resumed only last month after a five-and-a-half-year suspension.

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The New Indian Express Hubballi

CLOUDS ON THE NUCLEAR HORIZON

OURS before his October 30 meeting with Xi Jinping, Donald Trump announced that he had instructed the US department of war to “start testing nuclear weapons on an equal basis” immediately.

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3 mins

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The New Indian Express Hubballi

Now, TMC MP lodges complaint against Guv

THE four-day clash between West Bengal Governor CV Ananda Bose and Trinamool Congress MP Kalyan Banerjee escalated on Wednesday.

time to read

1 min

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The New Indian Express Hubballi

Modi to attend G20 summit in Joburg

PRIME Minister Narendra Modi will travel to Johannesburg, South Africa, from November 21to 23 to participate in the 20th G20 Leaders' Summit, External Affairs Ministry announced on Wednesday.

time to read

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The New Indian Express Hubballi

Cong dilemma in Upper House

With assembly seats shrinking post Bihar rout, party may lose ground in polls for 75 RS seats next yr

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