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Articles for Religare Enterprises

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

Rbi Rel Religare Religare Enterprises Burmans Open Burman Entities
RBI approves Burman family entities’ open offer to acquire 26 pc additional stake in REL
1 month ago

RBI approves Burman family entities’ open offer to acquire 26 pc additional stake in REL

Live Mint  

New Delhi, Dec 10 The Reserve Bank has approved the open offer of Burman family -- the promoters of FMCG major Dabur -- to acquire an additional 26 per cent stake in NBFC firm Religare Enterprises Ltd. The Reserve Bank of India said it has granted its "approval for the proposed increase in shareholding of existing shareholders" -- four Burman …

Cent Rbi Entities Nbfc Rel Burman Family Religare Enterprises
Religare Enterprises share price hits 52-week high as RBI allows Burman family to raise stake in Company
Trending News
1 month ago

Religare Enterprises share price hits 52-week high as RBI allows Burman family to raise stake in Company

Live Mint  

Religare Enterprises Limited achieved a milestone on Monday, with its shares surging to a 52-week high after at ₹304.60, on December 10, after receiving the Reserve Bank of India's approval for the Burman family's proposed stake increase, as per an exchange filing. Religare Enterprises share price was trading in the green, up 4.21 per cent, at ₹289.30, on December 10, …

Share Price Company Rbi Stake Enterprises Burman Religare
Religare Enterprises’ stock hit 52-week high; surges over 9 pc
1 month 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 …

Family Bse Enterprises Cent Stake Burman Religare Burman Family
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 …

Family Fir Dabur Burman Religare Burman Family Religare Enterprises
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 …

Family Enterprises Burman Independent Directors Religare Burman Family Religare Enterprises
Mint Explainer: Dissecting the Burmans' hostile takeover bid for Religare
1 year, 2 months ago

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

Live Mint  

Behind the Burman family’s hostile takeover bid for Religare Enterprises Ltd. is a bigger gameplan triggered by the billionaire family’s ambition to plug that one missing piece in the group’s business that will arm it to compete with the likes of Mukesh Ambani, Ajay Piramal, Sanjiv Bajaj and Kumar Mangalam Birla in the country’s thriving financial services space. According to …

Business Health India Insurance Board Financial Price
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 …

Family Board Financial Control Company Stake Offer
Q4 results today: Asian Paints, Eicher, Dr Lal Path Lab, Religare, among others
1 year, 8 months ago

Q4 results today: Asian Paints, Eicher, Dr Lal Path Lab, Religare, among others

Live Mint  

Stock market performance on Wednesday was fueled by the mixed reaction of investors who were cautious of US market uncertainties, declining oil prices, bond yields, and bullion. Investors will be eyeing the quarterly earnings of Asian Paints, Eicher Motors, Gillette India, Dr. Lal Path Labs, South Indian Bank, etc, up for release on Thursday. Eicher Motors Reflecting investors' confidence and …

Market Crore Bse Quarter Lab Eicher Motors Motors
Religare Finvest case: Delhi HC grants bail to Shivinder Singh
4 years, 5 months ago

Religare Finvest case: Delhi HC grants bail to Shivinder Singh

Live Mint  

The Delhi High Court on Thursday granted regular bail to former Fortis Healthcare promoter Shivinder Mohan Singh in connection to a money laundering case related to alleged misappropriation of funds at Religare Finvest Limited. The court order reads that the essence of the ED’s allegation is that between 2008 and 2016, RFL extended loan and other financial facilities to various …

Court Bail Applicant Case Singh Shall Rfl
Shivinder and Malvinder Singh transferred unsecured loans, reveals ED probe
5 years, 1 month ago

Shivinder and Malvinder Singh transferred unsecured loans, reveals ED probe

Hindustan Times  

The Enforcement Directorate ’s initial investigations against Fortis Healthcare founders Shivinder Mohan Singh and Malvinder Mohan Singh have revealed a “systematic evergreening of loans” by Religare Finvest Ltd so that the loans were not categorised by the banks as non-performing assets. In its remand paper, submitted in court on Friday while taking custody of Malvinder Singh, ED claimed that between …

Loans Crore Singh Pvt Malvinder Singh Malvinder Rfl
Court extends police custody of Malvinder and Shivinder Singh to two more days
5 years, 2 months ago

Court extends police custody of Malvinder and Shivinder Singh to two more days

Live Mint  

A Delhi district court on Tuesday extended the police custody of former Ranbaxy promoters Malvinder Singh and Shivinder Singh to two more days in the case filed by Religare FinVest Limited - an arm of Religare Enterprises, for allegedly causing wrongful loss worth ₹2,397 crore. Former Religare Enterprises Ltd. chairman and managing director Sunil Godhwani, has also been sent to …

Delhi Police Custody Rel Rfl Religare Religare Enterprises
Late night chase ends, Delhi police formally arrests Malvinder Singh
5 years, 3 months ago

Late night chase ends, Delhi police formally arrests Malvinder Singh

Live Mint  

The Delhi police’s Economic Offences Wing arrested pharmaceutical giant Ranbaxy Ltd’s former promoter Malvinder Singh in early hours on Friday, hours after he was detained in Ludhiana late on Thursday, for allegedly causing wrongful loss worth ₹2,397 crore to Religare Finvest Ltd. Malvinder’s arrest follows the arrest of his younger brother Shivinder Singh, former Religare Enterprises chairman, and managing director …

Delhi Police Singh Malvinder Singh Religare Religare Enterprises
Malvinder Singh, former Ranbaxy co-founder, arrested late night from Ludhiana hours after brother Shivinder's arrest in fraud case
5 years, 3 months ago

Malvinder Singh, former Ranbaxy co-founder, arrested late night from Ludhiana hours after brother Shivinder's arrest in fraud case

Firstpost  

Malvinder Singh was arrested from Ludhiana and will be brought to Delhi on transit demand The Economic Offences Wing of the Delhi police arrested former co-promoter of Religare Enterprises, Malvinder Mohan Singh, in Ludhiana, Punjab, for allegedly causing wrongful loss of Rs 2,397 crore to Religare Finvest Ltd, media reports said. “He was nabbed in Punjab, and we are getting …

Delhi Ludhiana Delhi Police Singh Fir Arrested Eow
Religare to sell entire stake in NBFC arm to TCG Advisory Services for Rs 330 cr; signs share purchase agreement
5 years, 3 months ago

Religare to sell entire stake in NBFC arm to TCG Advisory Services for Rs 330 cr; signs share purchase agreement

Firstpost  

Religare Enterprises in the filing said that a share purchase agreement has been signed with TCG for selling stake in Religare Finvest Ltd New Delhi: Religare Enterprises is selling its entire stake in NBFC arm Religare Finvest Ltd to TCG Advisory Services for around Rs 330 crore, according to a regulatory filing on Wednesday. Religare Enterprises in the filing said …

Capital Company Group Rbi Stake Nbfc Rel
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 …

Complaint Filed Religare Religare Enterprises Godhwani Erstwhile Promoters Enterprises Chief Current Management