Religare Enterprises

Religare's board inducts three Burman family members, Jimeet Modi

Religare Enterprises has approved the induction of three Burman family members and Samco Group founder Jimeet Modi to its board, marking a key step in the company's leadership transition

Religare Enterprises up 6% on getting nod from BSE, NSE for warrants issue

Religare Enterprises shares gained 5.8 per cent on Thursday, after the BSE and the National Stock Exchange (NSE) approved the issuance of warrants on a preferential basis

RBI withdraws conditions on Religare Finvest under Corrective Action Plan

RBI withdraws CAP conditions imposed on Religare Finvest after noting compliance with regulatory requirements and changes in management and board composition

Religare, VIP Industries, DMart: Trading strategies for stocks in news

Technical charts show that Religare and VIP can potentially rally up to 30% from here, while DMart stock can slip another 7%. These are the key levels to watch out for on these 3 stocks.

InGovern flags governance concerns at REL, questions ESOP clawback

InGovern Research Services has raised governance issues at Religare Enterprises, focusing on potential conflicts at Care Health Insurance and opacity over Rashmi Saluja's ESOP clawback

Burman family leads ₹1.5K cr fund infusion into Religare Enterprises

The Burman family, owners of Dabur and promoters of Religare, will contribute ₹750 crore-half of the total infusion-demonstrating their continued commitment to the financial services firm

Religare Enterprises shares rise 6% as company proposes to raise fund

Religare Enterprises share price gained 6 per cent in trade, logging an intraday high at ₹234.8 per share on Wednesday on plans to raise funds

Religare Enterprises climbs 7% in trade; here's what is behind surge

Religare Enterprises shares rise 7% after the company posted its Q4 results

Religare Enterprises begins governance review of firm, subsidiaries

Board has decided to approach new promoters, the Burman Group, for funds

Religare Enterprises seeks governance review, funding from Burman family

The Burman family, who founded and control consumer goods conglomerate Dabur India, acquired control of the financial services provider in February after a 17-month takeover battle

Religare Enterprises withdraws NCLAT petition against CCI order

Religare Enterprises has withdrawn its appeal at the NCLAT against a competition watchdog CCI order that allowed four Burman group entities to acquire a 5.27 per cent stake in the financial services firm. The move comes after the Burman Family, through its investment firms, gained a controlling stake in Religare Enterprises Limited (REL) after acquiring 25.16 per cent of equity shares through an open offer. The total holding of Burman family, which also owns FMCG firm Dabur and Eveready, now exceeds 50 per cent, consolidating their position as the largest shareholders in the company. During the proceedings, the "authorised signatory for Appellant (Religare) is present and submits that he is under the authorisation to say the Appellant is not interested in pursuing the matter and intends to withdraw this appeal", the NCLAT order said. "In view of this, the appeal stands dismissed as withdrawn. All the pending applications are also disposed of," a two-member bench ordered last week.

Religare seeks RBI nod for new directors; moves to remove Saluja, Asthaana

The board also recommended the removal of directors Rashmi Saluja and Rakesh Asthaana from the boards of subsidiary companies and committees

Religare Enterprises share price jumped 9% in trade on Feb 21: Here's why

The takeover saga began in September 2023 when the Burmans, holding a 25 per cent stake, made an open offer to acquire an additional 26 per cent

Stocks to Watch, Feb 21, 2025: Religare Ent, CIE Automotive, TCS, Vedanta

Stocks to Watch, Feb 21, 2025: Here is a list of stocks that could be buzzing in trade today

Burman family acquires control, becomes promoter of Religare Enterprises

The Burman Group will work with Religare Enterprises' leadership and board to reinforce its strategic direction and enhance long-term value creation

Stocks to Watch, Feb 20, 2025: Religare Ent, Waaree Energies, Bharat Forge

Stocks to Watch, Feb 20, 2025: From Religare to Waaree Energies, here are few stocks that will remain on investors' radar today

Burmans' Rs 2,116-crore open offer for Religare gets tepid response

Burmans' open offer of Rs 2,116 crore for the acquisition of additional 26 per cent stake in Religare Enterprises Ltd (REL) has received tepid response. As per the data of open offer, against 90,042,541 shares (26 per cent), only 231,025 shares (0.07 per cent) were tendered. The open offer 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 Pvt Ltd, Puran Associates Pvt Ltd, VIC Enterprises Pvt Ltd, and Milky Investment & Trading Company commenced on January 27, 2025. The open offer closed on February 13 and the date of payment of consideration was February 17, the data said. The tender price for open offer was fixed at Rs 235 per share. Following the open offer, the shareholding of four entities would rise to 24.02 per cent. Burmans, through four entities -- Finmart Pvt Ltd, Puran Associates Pvt Ltd, VIC Enterprises Pvt ...

The eventful battle for Religare Enterprises tests Sebi's takeover code

Some legal experts believe the case may indicate the need for a review of Sebi's takeover norms

Sebi turns down Danny Gaekwad's plea for competing open offer for Religare

Regulator says application 'frivolous', not backed by financial capabilities; also questions due diligence of investment banker

SC grants time to Danny Gaekwad to deposit Rs 600 cr for counter offer

The court also clarified that except for the modification of the time limit to deposit the said amount, other terms and conditions mentioned in the February 7 order will remain unaffected