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Religare: Won't back down, says Religare's Rashmi Saluja amid tiff with Burman family

"I may have agreed that five years ago, I didn t have the experience, but after five years, three successful businesses, a company turnaround and a great team and board to support me, I will not back down," Saluja told ET in an interview. "Any allegations of corporate governance against the board and the management are directly reflected toward the regulators. Our naysayers need to understand that."

religare enterprises news: Executive chairperson Rashmi Saluja sells over 20 lakh shares of Religare Enterprises

As per the disclosure on NSE on April 2, Saluja sold 6.18 lakh shares on March 26, 6.70 lakh shares on March 27, and 7.21 lakh shares on March 28. Following the transaction, Salujas holding in REL is reduced to 0.81% from 1.23%.

Religare Enterprises Ltd. (REL), Sir Ganga Ram Hospital (SRGH) Achieve a Key Milestone in Arunachal Pradesh's Health Initiative

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Religare Enterprises: Saluja-led Religare suffers setback as shareholders reject two proposals

Corporate watchers said the decision by shareholders is significant given that the Burmans have announced an open offer to acquire an additional 26% of Religare s equity, a move opposed by the company s management. Currently, Religare does not have founder shareholders and is owned by the public.