Religare Enterprises has strongly responded to the Burman family s call for an investigation into the alleged allotment of an 8% share of Religare Finvest to REL Chairman Rashmi Saluja. Denying the claims, Religare Enterprises stated that the information shared by the Burmans is misleading. The company emphasized that such misinformation impacts shareholder value.
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Burman family had also alleged vested interests are attempting to block their acquisition of a stake in REL, after two senior members were booked in the multi-crore Mahadev app case.
"Subsequent to the passing of enabling special resolution by the shareholders of RFL with respect to Item No 5 , RFL has not placed any proposal with NRC till date for grant of above mentioned ESOPs to CMD. Since no new shares were issued/allotted in the matter, there is no contravention of the Reg 26 (6) of the SEBI Takeover Regulations," the company said in a statement.
Religare Enterprises denies issuing 8 pc stake of Religare Finvest to Chairman Rashmi Saluja financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.