Burman family raises concerns over allotment of 8% stake in RFL to Rashmi Saluja through ESOPs ...Middle East

New Delhi: The Burman family, which collectively owns 21.24 per cent of Religare Finvest Limited (RFL) through its entities, has raised concerns about the alleged allotment of 8 per cent of RFL shares to Rashmi Saluja, the Chairperson of Religare Enterprises Limited (REL), through ESOPs, Good Returns reported. They questioned the compliance with the SEBI Takeover Regulations and expressed doubts about the management and independence of the independent directors of REL. The Burman family, the promoters of Dabur India and other entities, had announced an open offer in September 2023 to acquire up to 26 per cent stake in REL for Rs 2,116 crore. They expressed disappointment that a single execu

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Burman family raises concerns over allotment of 8% stake in RFL to Rashmi Saluja through ESOPs ...Middle East

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