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Burman family s offer low, Religare seeks independent valuation report

The Burman family, the promoter of Dabur India, on September 23 made an offer to buy an additional 5.27 percent stake in the financial services company for Rs 407 crore

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Burman family makes open offer to acquire 26% stake in Religare Enterprises

Burman family makes open offer to acquire 26% stake in Religare Enterprises
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Religare Enterprises: Dabur s Burman family announces open offer for 26% stake at Rs 235 apiece

At Rs 235 apiece, the total consideration for the 26 per cent stake would be Rs 2,115.99 crore, payable in cash. MB Finmart (1.71 per cent), Puran Associates (5.61 per cent), VIC Enterprises (3.72 per cent) and Milky Investment & Trading Company (2.94 per cent) were among public shareholders in the company, as on June 30.

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Religare Enterprises open offer: Burman family announces Rs 2,116 crore open offer for 26% stake in Religare Enterprises

MB Finmart, Puran Associates, VIC Enterprises and Milky Investment & Trading Company are the entities that will participate in the open offer to acquire up to 90,042,541 fully paid-up equity shares from the public shareholders of Religare Enterprises at a price of Rs 235 per equity share. The open offer price is at a 17% discount from Friday s closing price of Rs 275 on NSE.

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Burman Family Announces Open Offer For 26% Stake in Religare Enterprises; Details

The Burman family, which holds a controlling stake in Dabur, on Monday announced an open offer for a 26% stake

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