The Competition Commission of India approves the acquisition of a 5.27% stake in Religare Enterprises by entities controlled by the Burman family, along with a subsequent open offer for an additional 26% stake.
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In a 20 December letter, Sebi sought wide-ranging information from both REL and the Burman entities on all events leading up to the open offer and after.
The Burman family has accused Hamid Ahmed of violating sections of the market regulator’s takeover code by speaking publicly against the company s open offer
Religare board, independent directors back Saluja again financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.