Rashmi Saluja, a doctor by training, who joined Religare as an independent director in 2018 and became its chairperson next year, said that "Anand Burman along with Arjun Lamba met me but never discussed the open offer (proposal for the financial services company s shareholders). If they had any intention of informing me then they should have done it with a proper protocol by writing to the board."
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​Dabur India promoter Burman family on Wednesday bought a 3.6 per cent stake in diversified financial services group Religare Enterprises for Rs 277 crore through open market transactions.
Burmans raise stake to 25% in Religare to acquire financial services firm business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Hamid Ahmed, an independent member on the Religare Enterprises board, has described the timing of the Burman family open offer to buy more shares as ‘fishy in the first such media comments by any of the independent directors at the financial services company the founder-promoters of Dabur are seeking to control.