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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The financial services firm, under former chairperson Rashmi Saluja, had filed a petition with NCLAT against the competition watchdog’s order allowing the Burman group’s stake acquisition.
Religare Enterprises has reportedly withdrawn its appeal at the National Company Law Appellate Tribunal against the Competition Commission of India’s order allowing the Burman family to acquire a stake in the financial services firm, according to PTI. The Burmans are also the promoters of consumer goods company Dabur.
In September 2023, four entities controlled by the Burman family had signalled an intention to buy a 5.27% stake in Religare for Rs 407 crore. These were Puran Associates Pvt. Ltd (PAPL), VIC Enterprises Pvt. Ltd (VIC), MB Finmart Pvt. Ltd (MFPL) and Milky Investment & Trading Company (MITC).
In January last …
The beauty and personal care company put up a remarkably poor show in its latest quarterly earnings. A macro consumption slowdown has led to some belated soul-searching.
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?
The executive chairperson of Religare, battling a hostile takeover by its largest shareholder, is a mysterious figure with no background in financial services.
