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.
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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.