RBI Approves Burmans’ Open Offer to Increase Stake in Religare Enterprises

Economy Business

The Reserve Bank of India (RBI) approved the Burman family's open offer to acquire an additional 26% stake in Religare Enterprises in 2024, while directing the maintenance of the current board and management structure.


      - Burmans aim to acquire an additional 26% stake.

     

     

Main Point :-   (i) Burmans collectively own 25.12% stake as of September 30, 2024.

      (ii) Consolidation plan required by March 31, 2026.


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