REL led by chairperson Rashmi Saluja has sought to obstruct the applications that need to be sent to the regulators for changes in shareholding, control and management of REL, said the letter by the Burmans, promoters of the Dabur Group. The action by the REL management “impedes the ability of regulatory authorities to perform their obligations,” the Burmans said in the letter, a copy of which ET has seen. “It also costs the public shareholders of Religare.”
Tech view: Breakdown below 24,400 may open doors for 24k in Nifty. How to trade tomorrow
A long bear candle has been formed on the daily chart, indicating a decisive downside breakout of 24,600-24,500 levels. Nifty is currently weakening after forming