The Burman family, owners of Dabur India Ltd., had demanded a probe into the allotment of shares of Religare Finvest to Rashmi Saluja, the Chairperson of Religare Enterprises Limited, through employee stock ownership (ESOP).
Religare Enterprises share price today: The demand order pertains to matters relating to industry wide issues of non-payment of GST on the co-insurance premium accepted as follower in case of coinsurance transactions.
The Burman family, which owns a controlling stake in FMCG major Dabur, already owns more than 14% stake in Religare Enterprises through various entities. The news was reported by ETNow.