Religare Enterprises on Friday said its board has approved a proposal to raise Rs 1,500 crore through the preferential allotment of warrants to support the company’s business expansion plans and drive new strategic initiatives. Of this amount, entities linked to the Burman family, owners of Dabur, will contribute Rs 750 crore, accounting for 50 per…
US-based entity Danny Gaekwad Developments & Investments on Monday urged capital market regulator Sebi to reconsider its proposal for a competing open offer proposal for Religare Enterprises Ltd (REL). In a regulatory filing, REL posted a letter written by Danny Gaekwad Developments & Investments addressed to Sebi Chairperson, requesting for grant of exemption from strict…
September 20, 2024September 20, 2024 The financial services company Religare Enterprises Limited stated in an exchange filing on September 19, 2024, that following the re-payment, it is now free from external debt. Religare Enterprises, a potential acquisition target for the Burman family of FMCG firm Dabur, has announced the…