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Florida investor makes competing bid for Religare
The New Indian Express Vijayawada
|January 26, 2025
Gaekwad makes offer at ₹275/share against ₹235/share by Burmans
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.
Denne historien er fra January 26, 2025-utgaven av The New Indian Express Vijayawada.
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FLERE HISTORIER FRA The New Indian Express Vijayawada
The New Indian Express Vijayawada
Video of Parakamani loot surfaces; TTD member alleges ₹100 crore scam
STARTLING revelations have emerged pertaining to large scale irregularities that took place in the Tirumala Tirupati Devasthanams (TTD) during the previous YSRCP regime.
1 min
September 21, 2025
The New Indian Express Vijayawada
CM: Swachh drive meant to cleanse politics also
CHIEF Minister N Chandrababu Naidu on Saturday emphasised the comprehensive approach of the Swachhandhra initiative, stating, \"Swachhandhra is about cleaning our cities, villages, and politics alike.
1 min
September 21, 2025
The New Indian Express Vijayawada
2.8L Indian jobs on the line as Trump slaps $1L H-1B fee
THE Trump administration on Saturday imposed a fee of $1,00,000 per year on each H-1B visa holder, dealing a body blow to the 2,83,397 (71%) skilled technology workers from India, as per 2024 data. At 71%, India was the largest beneficiary of H-1B last year, while China was a distant second at 12%.
2 mins
September 21, 2025
The New Indian Express Vijayawada
CM roots for ‘One State-One Water’ concept to fight drought
CHIEF Minister N Chandrababu Naidu asserted that effective water management could make Andhra Pradesh drought-free.
1 min
September 20, 2025
The New Indian Express Vijayawada
Singer Zubeen Garg dies in Singapore following scuba diving accident
ZUBEEN Garg, the 52year-old cultural icon of Assam and a heartthrob of the younger generation, passed away on Friday in Singapore, leaving behind a rich legacy.
1 min
September 20, 2025
The New Indian Express Vijayawada
CM roots for 'One State-One Water' concept to fight drought
CHIEF Minister N Chandrababu Naidu asserted that effective water management could make Andhra Pradesh drought-free.
1 min
September 20, 2025
The New Indian Express Vijayawada
Corp tax mop-up rises, individual collections drop
Higher income tax exemption limit brings down personal advance tax collections
1 mins
September 20, 2025
The New Indian Express Vijayawada
No harassment of industrialists allowed: Dy CM
ASSERTING that steps will be taken to control the industrial pollution, Deputy Chief Minister (Environment and Forest) Pawan Kalyan has said the coalition government will not give scope to a situation that terrorises industrialists.
1 mins
September 20, 2025
The New Indian Express Vijayawada
PRICE WAR VROOMS
MAHINDRA JOINS MARUTI IN PRICE CUTS AFTER GST RATIONALISATION, ADDS BENEFITS TOTALING ₹2.56 LAKH
1 mins
September 20, 2025
The New Indian Express Vijayawada
K-point in India, Canada NSA talks
IN a key step towards mending diplomatic ties, National Security Adviser Ajit Doval held bilateral security consultations with his Canadian counterpart Nathalie Drouin in New Delhi on Thursday.
1 mins
September 20, 2025
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