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Religare: CCI approves Burman family s acquisition of 5 27% stake

The Burman family was already the single-largest shareholder in Religare, holding 21.17 percent stake in the company as of December 31, 2023.

Burmans get CCI approval to buy stake in Religare

The Competition Commission of India approves the acquisition of a 5.27% stake in Religare Enterprises by entities controlled by the Burman family, along with a subsequent open offer for an additional 26% stake.

CCI approves stake buy in Religare Enterprises by Burman family companies

The Competition Commission of India (CCI) has approved the proposals for stake acquisitions in Religare Enterprises (REL) by four entities controlled by the Burman family members. These entities aim to acquire a majority shareholding of up to 53.94% in REL and collectively exercise joint control over the company.

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