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Religare Enterprises Withdraws NCLAT Petition Against CCI Order
Mint Mumbai
|March 10, 2025
The move comes after the Burman family, through its investment firms, gained a controlling stake in REL
Religare Enterprises has withdrawn its appeal at the NCLAT against a competition watchdog CCI order that allowed four Burman group entities to acquire a 5.27% stake in the financial services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. 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.
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