Burmans’ Rs 2,116-crore open offer for Religare gets tepid response

February 19, 2025

Burmans’ open offer for acquiring an additional 26% stake in Religare Enterprises Ltd. received a weak response, with only 0.07% of shares tendered. Despite the lack of interest, their shareholding will increase to 24.02% after the open offer. The process involved multiple entities and regulatory complaints.

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