Allegations, counter-allegations and the registering of an FIR against the promoters suggest REL has still not overcome its problems even though it has limped back to normal after the crippling Singh brothers controversy blew up nearly four years ago.
“I do not know any of these (Mahadev app) gentlemen. I have never met them. I have never placed a bet in my life. So, there is no question of any. This is totally maligning news being set out by people who are now resisting our takeover of the company (Religare Enterprises).”
“We have to be very careful in what categories we enter because I still want Eveready to be a B2C business, which we are good at running. All our businesses are B2C businesses. And plus we want to get into categories which now do not have very strong sort of players.”
InGovern Research Services said Care Health Insurance issued Esops to Rashmi Saluja, executive chairperson of its parent Religare Enterprises Ltd, despite the insurance regulator specifically rejecting the proposal
Once the open offer is concluded, the Burman family-owned entities - currently the largest shareholding bloc at Religare - will nominate their directors on the board of the financial services company, Burman told ET.