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Proxy adviser seeks update on Saluja Esops
Mint Chennai
|July 14, 2025
Five months after Dabur India Ltd chairman Mohit Burman took control of Religare Enterprises Ltd, a proxy advisory firm has sought an update on the issue of recovering shares of a subsidiary worth ₹480 crore from former Religare chair Rashmi Saluja.
On Sunday, InGovern Research Services issued a note asking that Religare and its arm, Care Health Insurance, provide details and an update on the employee share options awarded to Saluja.
The Bengaluru-based proxy adviser also asked for the recovery of fees paid by Care Health to its former independent director, Pratap Venugopal, who provided legal opinion to the insurance firm.
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