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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. ....

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Mint Explainer: Dissecting the Burmans' hostile takeover bid for Religare

Religare’s executive chairperson Dr. Rashmi Saluja, who has been pivotal in turning around its fortunes, may be unable to prevent a hostile takeover by the owners of Dabur ....

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