Burmans' Religare open offer to acquire additional stake gets Sebi nod
The Burman family, promoters of Dabur, has received regulatory approvals for an open offer to acquire an additional 26% stake in Religare Enterprises. This follows approvals from Sebi, RBI, and other regulators. The offer, expected to launch in mid-January, could give the Burmans majority control of the NBFC, despite opposition from current management.