Value unlocking by Religare Enterprises, which is engaged in a takeover battle with the Burman family, is stalled due to the "irresponsibility" of the acquirer, said Rashmi Saluja, the company's chairperson.
"We want proposed acquirers to be more responsible towards other shareholders and help us unlock the value of the company. The management can't help in getting a fit and proper tag from the regulator, and the ball is in their court," Saluja said.
The Burman family, the promoters of the Dabur group, made an open offer in October last year to acquire an additional 26 per cent stake in Religare, and the regulators have not yet cleared the open offer.
Religare shares closed at around ₹212 on Friday. The open offer was made at around ₹235 a share, but the Religare board has rebelled against the Burman acquisition, saying the offer does not reflect the true value of the company.
Bu hikaye Business Standard dergisinin May 13, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin May 13, 2024 sayısından alınmıştır.
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