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Burmans in all-out tussle for control of Religare - The Hindu BusinessLine

Burmans in all-out tussle for control of Religare - The Hindu BusinessLine
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Timing of Burmans Open Offer Fishy: Religare Ind Director Ahmed

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.

Timing of Burmans open offer fishy: Religare independent director Hamid Ahmed

"The merits of the offer are not very good. They want to replace the board and the management," said Ahmed, also the chief executive officer of Hamdard Laboratories and chancellor of Jamia Hamdard University. "The company has come out of heritage problems. At such a time, the offer looks a bit fishy," said Ahmed, who joined Religare s board as an independent director two years ago.

Burman Family rejects Religare board s authority over open offer

Burman Family rejects Religare board s authority over open offer
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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