Burmans set to control Religare after open offer, Top Health News | Latest Healthcare Sector & Healthcare Industry news, Information and Updates: ET HealthWorld : ETHealthworld.com

The Burman family, owners of Dabur group, has made an open offer to purchase an additional 26% stake in Religare Enterprises for approximately Rs 2,116 crore. If successful, this would increase the Burman family’s holding in the company from 21.3% to 53.9%, making them the promoters. The open offer is priced at Rs 235 per share, a discount to the current market price. Religare’s board has expressed its support for the offer, stating that the Burmans have an impeccable reputation in the industry., The Burman family, owners of Dabur group, has made an open offer to purchase an additional 26% stake in Religare Enterprises for approximately Rs 2,116 crore. If successful, this would increase the Burman family’s holding in the company from 21.3% to 53.9%, making them the promoters. The open offer is priced at Rs 235 per share, a discount to the current market price. Religare’s board has expressed its support for the offer, stating that the Burmans have an impeccable reputation in the industry., , Read More

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