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Religare shares jump 9% as Burman family takes control, outlining a governance-focused vision while solidifying their 25.16% stake despite weak open offer response.

Religare shares surge 9% as Burman family takes control

After a legal battle that stretched for more than a year, the Burman family finally gained control of Religare Enterprises. The Burmans became promoters of the financial services company, acquiring an additional 25.16 per cent stake in Religare Enterprises through four companies.

Burmans become Religare Enterprises promoters: Key things to know

Capital market regulator Sebi&nbsp;rejected the competing open offer made by the US-based entity Danny Gaekwad Developments &amp; Investments for acquisition of Religare Enterprises Ltd (REL) as it did not meet necessary regulations.

Sebi rejects competing open offer by US-based entity to pick majority stake in Religare 

Its total revenue stood at Rs 1,971 crore during the second quarter of the current fiscal year, up from Rs 1,586 crore in the corresponding period of the last year.

Religare Enterprises September quarter net profit jumps 70% to Rs 68 crore

The concerned officials have denied the allegations made in the FIR and&nbsp;are "examining the matter for such further action as is deemed appropriate", the company said in a regulatory filing on Monday.

FIR registered against Religare Enterprises' Executive Chairperson, Group CFO

According to the bulk deal data available on the National Stock Exchange (NSE), Plutus Wealth Management LLP offloaded 71 lakh shares, amounting to a 2 per cent stake in diversified financial services group Religare Enterprises Ltd (REL).

Plutus Wealth sells 2% stake in Religare Enterprises for Rs 170 crore

Religare Enterprises news:&nbsp;Capital market regulator Securities and Exchange Board of India (SEBI) has directed Religare Enterprises (REL) to apply before July 12 to seek necessary&nbsp;statutory approvals&nbsp;for an open offer by the Burman family.

SEBI directs Religare Enterprises to seek approvals for Burman open offer; here is how the stock is reacting

The fair trade regulator allowed the four entities to acquire Religare's 5.27 per cent through stock market purchase and another 26 per cent through an open offer.

Burman family gets CCI nod to acquire 31.27% additional stake in Religare Enterprises 

The shareholders' approval was received by way of passing a special resolution in the Extraordinary General Meeting of the company held on July 3.

Religare Enterprises' shareholders approve Rs 570 cr preferential issue

religare-enterprises

Religare shares jump 9% as Burman family takes control, outlining a governance-focused vision while solidifying their 25.16% stake despite weak open offer response.

After a legal battle that stretched for more than a year, the Burman family finally gained control of Religare Enterprises. The Burmans became promoters of the financial services company, acquiring an additional 25.16 per cent stake in Religare Enterprises through four companies.

Capital market regulator Sebi rejected the competing open offer made by the US-based entity Danny Gaekwad Developments &amp; Investments for acquisition of Religare Enterprises Ltd (REL) as it did not meet necessary regulations.

Its total revenue stood at Rs 1,971 crore during the second quarter of the current fiscal year, up from Rs 1,586 crore in the corresponding period of the last year.

The concerned officials have denied the allegations made in the FIR and are "examining the matter for such further action as is deemed appropriate", the company said in a regulatory filing on Monday.

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Religare Enterprises

Religare shares surge 9% as Burman family takes control

Burmans become Religare Enterprises promoters: Key things to know

Sebi rejects competing open offer by US-based entity to pick majority stake in Religare

Religare Enterprises September quarter net profit jumps 70% to Rs 68 crore

FIR registered against Religare Enterprises' Executive Chairperson, Group CFO

Plutus Wealth sells 2% stake in Religare Enterprises for Rs 170 crore

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After 4643% 5-year return, does BSE still offer value for new investors?

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After 4643% 5-year return, does BSE still offer value for new investors?

Retail inflation rises to 2.75% in January; MoSPI rolls out new CPI series with 2024 base year

India set to get Bangladesh-style zero-duty access in US for cotton-based textile exports: Piyush Goyal

Manufacturing at the core of India’s $35 trillion economy goal by 2047: Govt

Closing Bell: Sensex falls 558 points, Nifty 50 below 25,900 - Anil Singhvi cites reasons for market decline

Bharat Bandh on February 12: Farmers, unions march nationwide; roads blocked, transport hit in several states