Business Standard

Tuesday, February 11, 2025 | 10:50 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Religare Enterprises Ltd News

Religare saga: Rashmi Saluja plans to stay on until open offer ends

Shareholders have right to remove/appoint directors, say lawyers

Religare saga: Rashmi Saluja plans to stay on until open offer ends
Updated On : 10 Feb 2025 | 8:14 PM IST

Religare's Saluja fails to secure shareholder approval for reappointment

Over 97 per cent of shareholders voted against her reappointment; Saluja had contended that she is not liable to retire by rotation

Religare's Saluja fails to secure shareholder approval for reappointment
Updated On : 09 Feb 2025 | 11:31 PM IST

Danny Gaekwad to meet PM Narendra Modi on Religare acquisition in USA

US investor seeks American intervention to overcome regulatory hurdles in India

Danny Gaekwad to meet PM Narendra Modi on Religare acquisition in USA
Updated On : 09 Feb 2025 | 10:53 PM IST

SC asks Danny Gaekwad to deposit Rs 600 crore for Religare counter offer

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

SC asks Danny Gaekwad to deposit Rs 600 crore for Religare counter offer
Updated On : 07 Feb 2025 | 8:02 PM IST

Delhi HC rejects Rashmi Saluja's plea to halt Religare Enterprises AGM

She had sought a permanent injunction to prevent her removal and to stop the resolution from being voted on at the AGM, scheduled for physical voting on Friday

Delhi HC rejects Rashmi Saluja's plea to halt Religare Enterprises AGM
Updated On : 06 Feb 2025 | 9:20 PM IST

Religare Enterprises' independent director Hamid Ahmed resigns from board

Religare Enterprises on Wednesday said its independent director Hamid Ahmed resigned from the board of the company. Ahmed, who is CEO of Hamdard Laboratories India, Foods Division, ceased to be non-executive independent director of the company from February 4. He has tendered his resignation from the Board of Directors of the Company on February 4, 2025 with immediate effect, due to increasing scope of work in his family business, Religare Enterprises said in a regulatory filing. It is to be noted that the Burman family -- a promoter of Dabur India and other entities such as Eveready Industries -- through its entities, in September 2023 announced a Rs 2,116-crore open offer to Religare shareholders to acquire up to 26 per cent stake in the company. Soon after the open offer bid, Burmans complained to capital market regulator Sebi for violation of insider trading rules by the Religare chairperson Rashmi Saluja and appointment of board of her choice. However, it was contested by REL

Religare Enterprises' independent director Hamid Ahmed resigns from board
Updated On : 05 Feb 2025 | 10:53 PM IST

Delhi HC refuses relief to Rashmi Saluja in Religare reappointment matter

Move paves the way for AGM, Burman open offer conclusion

Delhi HC refuses relief to Rashmi Saluja in Religare reappointment matter
Updated On : 04 Feb 2025 | 6:57 PM IST

Proxy advisors oppose Rashmi Saluja's reappointment at Religare Enterprises

Voting will begin from Tuesday and results are expected after the annual general meeting (AGM) scheduled for Friday

Proxy advisors oppose Rashmi Saluja's reappointment at Religare Enterprises
Updated On : 03 Feb 2025 | 5:25 PM IST

Rashmi Saluja seeks relief from Delhi HC ahead of Religare AGM next month

Executive chairperson has contended that her appointment is valid till 2028; Next hearing in the matter on February 4

Rashmi Saluja seeks relief from Delhi HC ahead of Religare AGM next month
Updated On : 29 Jan 2025 | 6:22 PM IST

Sebi rejects Digvijay Gaekwad's plea for Religare Enterprises open offer

US-based entrepreneur had sought nod to launch competing open offer

Sebi rejects Digvijay Gaekwad's plea for Religare Enterprises open offer
Updated On : 28 Jan 2025 | 7:51 PM IST

Religare was undervalued; my offer benefits shareholders: Gaekwad

We have full faith in Sebi, Modi government, Gaekwad said

Religare was undervalued; my offer benefits shareholders: Gaekwad
Updated On : 26 Jan 2025 | 10:58 PM IST

Religare Enterprises climbs 4% in morning deals but pare gains; here's why

The Burman family claimed that the competing offer falls outside the 15-day window stipulated by the Sebi takeover code, following their initial offer on October 4, 2023

Religare Enterprises climbs 4% in morning deals but pare gains; here's why
Updated On : 27 Jan 2025 | 11:26 AM IST

US businessman Gaekwad takes on Burmans in Religare takeover battle

The counter offer of Rs 275 a share in cash was made late Friday evening, just two days before the open offer of Rs 235 a share made by the Burman family of the Dabur group opens on Monday

US businessman Gaekwad takes on Burmans in Religare takeover battle
Updated On : 26 Jan 2025 | 1:28 PM IST
Updated On : 24 Jan 2025 | 11:57 PM IST

Religare's independent directors say Burmans' open offer price low

Shareholders must evaluate the offer carefully and also not the conditions RBI has set for it, they say

Religare's independent directors say Burmans' open offer price low
Updated On : 23 Jan 2025 | 12:57 PM IST

Burmans' Religare open offer for additional 26% stake to start on Jan 27

Burmans' Religare Enterprises' open offer to acquire an additional 26 per cent stake from the open market would commence on January 27 following the regulatory approvals. Last month, the Reserve Bank approved the open offer of the Burman family -- the promoters of FMCG major Dabur -- to acquire an additional 26 per cent stake in NBFC firm Religare Enterprises Ltd (REL). The open offer is for the acquisition of up to 9,00,42,541 fully paid-up equity shares of face value of Rs 10 each, representing 26 per cent of the expanded voting share capital of REL from the public shareholders by M.B. Finmart Private Ltd, Puran Associates Private Ltd, VIC Enterprises Private Ltd and Milky Investment & Trading Company, a regulatory filing said. According to the tentative schedule of the open offer, the offer closes on February 7. As of September 30, 2024, Burmans, through its four entities, collectively owns a 25.12 per cent stake in REL. The Burman family -- a promoter of Dabur India and other

Burmans' Religare open offer for additional 26% stake to start on Jan 27
Updated On : 18 Jan 2025 | 10:46 PM IST

Madhya Pradesh High Court lifts stay on Religare Enterprises' AGM

The order clears way for the open offer by Burman family

Madhya Pradesh High Court lifts stay on Religare Enterprises' AGM
Updated On : 09 Jan 2025 | 5:33 PM IST

Religare AGM back on track after Madhya Pradesh High Court rejects PIL

The Madhya Pradesh High Court dismissed a PIL blocking Religare's AGM, vacating the stay on Rashmi Saluja's reappointment and allowing the Burman family's stake acquisition process to proceed

Religare AGM back on track after Madhya Pradesh High Court rejects PIL
Updated On : 09 Jan 2025 | 3:44 PM IST

Religare Ent shares jump 6% after High Court's order makes way for AGM

Shares of Religare Enterprises were in high demand on Thursday, after media reports suggested that the Madhya Pradesh High Court has dismissed a petition against regulators RBI and Sebi

Religare Ent shares jump 6% after High Court's order makes way for AGM
Updated On : 09 Jan 2025 | 1:44 PM IST

MP High Court stays Religare's AGM and open offer by Burman family

Court also stayed Religare Enterprises annual general body meeting

MP High Court stays Religare's AGM and open offer by Burman family
Updated On : 26 Dec 2024 | 9:18 PM IST