In the fight for Religare, Burmans have an endgame in mind

The Dabur promoters, keen to take control of the company, offer a compromise formula that lets the Rashmi Saluja-led management continue. Will she bite?

One of the keenest corporate tussles of recent times may be headed for a compromise. The Burman family, looking to take over Religare Enterprises, has reached out to the board of the financial services company with a way out of the imbroglio that the two sides find themselves in, according to a person with direct knowledge of the matter. 

The compromise formula addresses the core issue of the continuation of the Religare Enterprises management once the Burmans are done with their open offer, which was first announced in September, says this person, asking not to be named. The Securities and …


Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

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