Burman Family refutes allegations by Religare independent directors: Report
1 year, 2 months ago

Burman Family refutes allegations by Religare independent directors: Report

Live Mint  

Burman Family has refuted the allegations of fraud and breaches made by Independent Directors of Religare Enterprises, a report said. The Burman Family has responded saying that the allegations by Religare Directors were baseless and devoid of any merit, CNBC-TV18 reported. The Burman family told the news channel that they had purchased all shares in Religare Enterprises transparently and there was no market manipulation. The Burman family, the largest stakeholder of Religare Enterprises, had made an open offer to the shareholders of Religare Enterprises in September with the aim of taking control of the financial services company.

Family Enterprises Burman Independent Directors Religare Burman Family Religare Enterprises  enterprises  religare  burman  independent  fraud  report  directors  control  family  allegations  channel  refutes

History of this topic

Setback for Burmans as court stays Religare’s AGM, RBI’s approval for open offer
2 weeks ago

Setback for Burmans as court stays Religare’s AGM, RBI’s approval for open offer

Live Mint  

The Madhya Pradesh High Court has stayed Religare Enterprises Ltd's annual general meeting that was scheduled for 31 December as well as the approval granted by the Reserve Bank of India to the Burman family to make an open offer to acquire an additional 26% stake in REL. Mishra’s plea stated that the shareholding of 73,263 persons who hold up …

Proxy advisors call for Rashmi Saluja's ouster from Religare; co backs her
2 weeks, 4 days ago

Proxy advisors call for Rashmi Saluja's ouster from Religare; co backs her

Live Mint  

Two leading proxy advisory firms have recommended Religare Enterprises investors Ltd to vote against giving a fresh five-year term on the company's board to chairperson Rashmi Saluja, further turning the odds against her re-appointment that was already hanging in the balance amidst her ongoing feud with the company's largest shareholders, the Burman family. Justifying their call for Saluja's ouster, proxy …

RBI approves Burmans’ open offer to acquire 26% stake in Religare
4 weeks, 1 day ago

RBI approves Burmans’ open offer to acquire 26% stake in Religare

New Indian Express  

NEW DELHI: The Reserve Bank on Tuesday approved the open offer of Burman family, the promoters of FMCG major Dabur, to acquire an additional 26% stake in NBFC firm Religare Enterprises Ltd. The central bank said it has granted its “approval for the proposed increase in shareholding of existing shareholders” -- four Burman family entities Puran Associates, VIC Enterprises, M …

Religare Enterprises’ stock hit 52-week high; surges over 9 pc
4 weeks, 2 days ago

Religare Enterprises’ stock hit 52-week high; surges over 9 pc

Live Mint  

New Delhi, Shares of Religare Enterprises surged more than 9 per cent on the bourses on Tuesday amid reports that the Reserve Bank of India has cleared Burman family's open offer to acquire an additional 26 per cent stake in the company. As of September 2024, the Burman family through its affiliates M B Finmart, Puran Associates, VIC Enterprises and …

Dabur owners say FIR 'arm-twisting' bid to block Religare acquisition bid
1 year, 1 month ago

Dabur owners say FIR 'arm-twisting' bid to block Religare acquisition bid

Hindustan Times  

The Burman family, owners of Dabur Group, dismissed the first information report against business conglomerate's chairperson Mohit Burman and director Gaurav Burman as false and baseless. Dabur Group chairperson Mohit Burman is said to be among 32 people booked in connection with the Mahadev betting app case According to media reports, the Mumbai Police has registered a case against 32 …

Burman family moves to take control of Religare Enterprises
1 year, 3 months ago

Burman family moves to take control of Religare Enterprises

Live Mint  

Mumbai: The Burman family, Religare Enterprises’ largest shareholder, is boosting its stake in the financial services company with the aim of taking control of the firm. The Burman family currently owns around 21% of Religare Enterprises through MB Finmart, Puran Associates, VIC Enterprises, and Milky Investment and Trading Co.—entities belonging to cousins Anand and Mohit Burman. The deal is still …

Former Religare Enterprises chief Sunil Godhwani alleges conspiracy of current management, erstwhile promoters
5 years, 8 months ago

Former Religare Enterprises chief Sunil Godhwani alleges conspiracy of current management, erstwhile promoters

Firstpost  

New Delhi: Former chief of Religare Enterprises Sunil Godhwani has alleged conspiracy of the company’s current management and erstwhile promoters Malvinder Singh and Shivinder Singh against him. The ministry had sought a response from Godhwani on a complaint filed against him in the case of Religare Enterprises, which is under the scanner for alleged financial irregularities. Religare Enterprises Ltd and …

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