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.
Mark Mobius, pioneer of emerging markets investing, dies at 89
Mark Mobius, a pioneer of emerging markets investing, has died at 89. Known for decades at Franklin Templeton Investments, he championed opportunities across developing economies,