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Burmans get nod to acquire 31 27% additional stake in Religare

The Competition Commission of India has approved the acquisition of 31.27 per cent of additional stake in Religare Enterprises by four entities of Dabur India promoter Burman family, enabling them to become majority owners in the financial services firm. The fair trade regulator allowed the four entities to acquire Religare s 5.27 per cent through stock market purchase and another 26 per cent through an open offer.

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