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Burman family raises concerns over allotment of 8% stake in Religare Finvest to Rashmi Saluja through ESOPs

The Burman family, which collectively owns 21.24 per cent of Religare Finvest Limited (RFL) through its entities, has raised concerns about the alleged allotment of 8 per cent of RFL shares to Rashmi Saluja, the Chairperson of Religare Enterprises Limited (REL), through ESOPs, Good Returns reported.

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Religare board upholds highest standards of corporate governance in all transactions, stands by REL management

The approval sought at the AGM of Religare Finvest Limited (RFL) held on September 26, 2023 was to seek enabling approval of shareholders for the proposed grant of ESOPs of RFL to Rashmi Saluja under the RFL ESOP Plan 2019.

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Religare Finvest: Religare Finvest issued Esops to Rashmi Saluja a day after Burmans open offer

The award in the unlisted subsidiary ascribed its value in a band of Rs150-260 crore. Previously, proxy advisory firm InGovern had estimated the Esops awarded to Saluja in Religare Enterprises as well as its health insurance subsidiary Care Health Insurance to be worth Rs480 crore.

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Religare shift: From fraud controversy to billion-dollar valuation | India News

India News: NEW DELHI: Religare has undergone a remarkable transformation, emerging as a diversified financial services conglomerate known as 'Religare 2.

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Rising Stakes In Religare; Saluja Issued ESOPs In Religare Finvest As Burmans Announced An Open Offer

Rising Stakes In Religare; Saluja Issued ESOPs In Religare Finvest As Burmans Announced An Open Offer
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