Denemek ALTIN - Özgür

SC blow to Burman family's bid to take over Religare

Financial Express Kochi

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February 08, 2025

● Keeps offer open; asks Gaekwad to deposit ₹600 cr

- ANANYA GROVER

IN A SETBACK to the Burman family's bid to acquire Religare Enterprises, the Supreme Court on Friday ordered Digvijay (Danny) Gaekwad to deposit ₹600 crore as earnest money for his competing bid by February 12.

Consequently, the original offer made by Burman Family Holdings, which received the Delhi High Court's green signal earlier this week and was to close on Friday, has been kept open till next Wednesday.

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