The open offer is made with the intention to increase the family's stake and take control of REL. Post offer the family's stake in Religare is expected to increase from about 21 per cent at present to 51 per cent.
Dabur promoter Burman Family Announces ₹2,116 cr Open Offer For 26% Stake In Religare freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Entities belonging to the Burman family, the promoter of Dabur India, on Monday announced Rs 2,116 crore open offer to the shareholders of Religare Enterprises Limited (REL) to acquire up to 26 per cent stake in the company.
The open offer is made with the intention to increase the family’s
The development comes after Burman family, the promoter of Dabur India, announced Rs 2,116 crore open offer to the shareholders of REL to acquire up to an additional 26 per cent stake in the company