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Market regulator Sebi examining Burmans' open offer for Religare Ent

On September 26, the Burman family announced the open offer to acquire an additional 26 per cent stake in Delhi-based Religare Enterprises, costing up to Rs 2,116 crore

SEBI
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Dev Chatterjee Mumbai

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A corporate battle is brewing between the current management of Religare Enterprises and the Burman family of Dabur Group over control of the company.
 
On Thursday, top executives of Religare Enterprises, led by its Chairperson Rashmi Saluja, met with top officials of the Securities and Exchange Board of India (Sebi) to apprise the regulator about the open offer made by the Burman family and the disclosures made by the company so far.
 
The market regulator is studying the open offer document and the disclosures made by the Burmans and has sought additional information from the company, according to a source.