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No plans to change board after Religare buy: Dabur Chairman Mohit Burman

Burman said the family office has been a shareholder of REL since 2018 and participated in its two preferential issues in 2018 and 2021

Mohit Burman, Eveready
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Chairman of Dabur Group Mohit Burman

Dev Chatterjee Mumbai/New Delhi
The billionaire Burman family has no plans to change the existing Religare Enterprises (REL) board after the family office acquires a majority stake in the financial services company, Dabur India Chairman Mohit Burman said in a video call on Thursday. 

The Burman family office plans to invest additional capital in Religare’s existing lines of businesses so that it can grow the companies, Burman confirmed.

Denying the allegations made by some of the independent directors of REL that some Burman family members were named in financial scams, including in the Pandora Papers and HSBC offshore account leaks and hence do not