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The Securities and Exchange Board of India (SEBI) has directed Religare Enterprises to form a committee of independent directors. Additionally, SEBI has issued an interim order requiring Religare Enterprises to seek necessary regulatory approvals from authorities, including the Reserve Bank of India (RBI), by July 12, 2024. These approvals are essential for an open offer by the Burman family, the top investor, who are looking to increase their stake in the company.
Religare asked to seek regulatory nod for top investor raising stake https://t.co/zs6S9UF5Lo . . . #Religare | #daburindia | #SEBI | #burman | #raisingstake | #RepublicTV | #RepublicTVLive | #RepublicBusiness https://t.co/RR6TVkWgr9
India's Religare asked to seek regulatory nod for top investor raising stake https://t.co/xgB8PZvzqB https://t.co/x7EL88mQSG
#Sebi has directed #ReligareEnterprises to apply to regulatory authorities before July 12 to seek statutory approvals necessary for an open offer by the Burman family. @This_khushboo #Markets https://t.co/Ec4eucI2L2
