 "Religare's board inducts three Burman family members, Jimeet Modi")
Religare Enterprises (REL) said its board has approved the appointment of three members of the Burman family — Anand Chand Burman, Mohit Burman and Aditya Chand Burman — along with Samco Group founder and Group CEO Jimeet Modi as Additional Directors (Non-Executive, Non-Independent).
The appointments are subject to the Reserve Bank of India’s approval.
Why is the Burman family joining the Religare board?
The Burman family, promoters of Dabur India, had recently made an open offer to take control of Religare. The proposed appointment of its members to the REL board marks a key step in the transition of the company’s leadership.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%