The Burman family, which owns FMCG major Dabur India, is currently the single largest shareholder in REL and holds around 21% stake through its four group entities.
The Burman group, through its group entities, will acquire another 26% stake in Religare Enterprises at an offer price of ₹272.45 per share, amounting to ₹2,116 crore
Religare Enterprises share price has surged over 14% in the past six sessions on hopes of revival of its debt-ridden subsidiary, Religare Finvest.
India’s current slowdown is as much a result of the lack of trust between various stakeholders in society as the poor domestic and global economic conditions.
