Florida investor makes counter-offer for Religare Enterprises

The unexpected move comes even as the Burmans of Dabur are about to launch their open offer for the Delhi-based company. Digvijay (Danny) Gaekwad’s offer to acquire Religare shares at Rs 275 apiece is at a 17% premium to that of the Burmans. The proposed competing open offer will be for 26% of the outstanding share capital of REL.

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