 "Supreme Court, SC")
The Supreme Court on Friday extended the Burman family's open offer for an additional stake in financial services firm Religare Enterprises to February 12.
It asked US-based investor Danny Gaekwad to deposit Rs 600 crore in terms of its competing offer against the Burman family's open offer on or before February 12. Failing this, the order will be set aside.
The public offer, which was to close on Friday, will continue till February 12.
In case Gaekwad deposits the amount on or before February 12, the Burman open offer will remain open until the Securities and Exchange Board of India
