Denemek ALTIN - Özgür
Interim REL chief to replace Saluja
Mint Chennai
|February 14, 2025
An 18-month public spat over control of Religare Enterprises Ltd (REL) finally ended on Thursday with the company confirming chairperson Rashmi Saluja's ouster and the appointment of independent director Praveen Kumar Tripathi as interim chairman.
That, and US-based businessman Digvijay 'Danny' Gaekwad's failure to submit ₹600 crore in an escrow account by 2 pm on Thursday—as directed by India's top court—effectively means the Burman family's open offer for the New Delhi-based financial services company stands firm.
The Reserve Bank of India clarified to Religare in a letter on Thursday that Saluja cannot continue further as a director, the company informed the stock exchanges. The filing said Saluja would no longer serve in her role following the results of the 40th annual general meeting (AGM) held on 7 February 2025.
"As per the report of the scrutinizer, the number of votes cast against the resolution was 97%.... Accordingly, Rashmi Saluja, executive chairperson of the company, ceases to be the director of the company," the exchange filing stated.
The company added in the filing that at its meeting held on 11 February, Religare's board appointed Tripathi as chairperson until 30 June.
Bu hikaye Mint Chennai dergisinin February 14, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Mint Chennai'den DAHA FAZLA HİKAYE
Mint Chennai
Roll back quality control orders on inputs to spur manufacturing
Such QCOs hold back the competitiveness of manufacturers and ending them could catapult our factory sector to a new orbit
4 mins
November 18, 2025
Mint Chennai
'Many blitzscaling startups don't transition to discipline'
overthe last decade havescaled much more than anyone anticipated.
1 mins
November 18, 2025
Mint Chennai
'GST reforms to boost urban demand'
Homegrown fast-moving consumer goods (FMCG) major Marico Ltd expects India’s urban demand, especially in categories such as packaged foods, to perk up in the coming quarters aided by tailwinds from the recently-cut goods and services tax rates.
2 mins
November 18, 2025
Mint Chennai
China, India throw oil a lifeline as global glut looms
Global oil markets may be dominated by concerns about a glut, but producers have found some support in buying from China and India, spurred by awave of US sanctions on Russian energy.
1 mins
November 18, 2025
Mint Chennai
Apple boosts R&D on iPhone materials, says design chief
Creating proprietary materials took precedence over supply chain costs, says Richard Dinh
3 mins
November 18, 2025
Mint Chennai
Govt seeks time in SC on Sahara, Adani land sale petition
The Union government has sought more time to file its response to a plea by financially-stressed Sahara India Commercial Corporation Ltd (SICCL), which is seeking the Supreme Court’s nod to sell 88 properties, including Aamby Valley in Maharashtra and Sahara Shaher in Lucknow, to Adani Properties Pvt. Ltd in a ₹12,000-crore deal, and pay off its debts.
1 min
November 18, 2025
Mint Chennai
Welspun to sell majority in clean energy firm, hires EY
Company targets equity value of $100 million for stake in Welspun New Energy
2 mins
November 18, 2025
Mint Chennai
Infosys rolls out Al-first GCC model
T major Infosys on Monday introduced an AI-first model aimed at speeding up the establishment and transformation of global capability centres into AI-driven hubs that promote innovation and growth.
1 min
November 18, 2025
Mint Chennai
Trump's bets on China and Argentina are souring fast
When it comes to US foreign economic polic policy, President Donald Trump’s administration has two problems on its hands.
3 mins
November 18, 2025
Mint Chennai
Rural demand drives FMCG growth in September quarter
India’s fast-moving consumer goods (FMCG) sector reported a 5.4% rise in September-quarter volumes, which moderated sequentially on account of disruptions related to the transition to new goods and services tax rates, while the value of sales jumped 12.9%, according to data released by consumer intelligence platform NielsenIQ.
1 mins
November 18, 2025
Listen
Translate
Change font size