Religare

Religare Enterprises likely to announce demerger and listing of Care Health Insurance 

The restructuring exercise which could result in an automatic listing of the health insurance arm is seen as a move aimed at unlocking shareholder value.

The battle for Religare is fast becoming a test of India's takeover laws

Legitimate takeovers must be honoured by existing boards and promoters

US investor Danny Gaekwad Developments & Investments seeks Sebi exemption for Religare takeover

The Reserve Bank in December approved the open offer of the Burman family — the promoters of FMCG major Dabur — to acquire an additional 26 per cent stake in NBFC firm Religare Enterprises Ltd (REL)

Sebi rejects Danny Gaekwad's offer for stake amid Religare vs Burmans saga

The investor, Danny Gaekwad Developments & Investments, had proposed to acquire the stakes at a higher price compared to what was offered by the Burman family.

Religare says US businessman makes competing offer for stake at Rs 275 per share

In a stock exchange disclosure late on Friday, Religare shared a letter from U.S. entrepreneur Digvijay "Danny" Gaekwad's firm requesting permission from Indian market regulator SEBI to make an open offer of 275 rupees per share for the Indian company, a 17% premium to the current offer.

Irdai has no objection to Burman family's proposed acquisition of Religare: Report

Religare did not initially act on the proposal but later applied to the insurance regulator after the Securities Appellate Tribunal came into the picture

Burman family seeks removal of Rashmi Saluja from Care Health board amid ED probe: Report

In a letter dated September 27, the Burmans cited Care Health's Articles of Association, arguing that an ongoing Enforcement Directorate (ED) investigation against Saluja renders her unfit to serve as director.

'You can't undervalue your own company': Religare's Rashmi Saluja questions ED & SEBI on ‘baseless allegations’

Rashmi Saluja, Executive Chairperson, finds herself amidst a storm with recent raids by the Enforcement Directorate and allegations from SEBI. Saluja says she is being targeted and reiterates that the Burmans' offer price undervalues the company. She adds that the Burman vs Saluja battle is inappropriate and affirms her commitment to continue building value for the company.

Religare AGM Delay: Company dismisses allegations of regulatory violations by Proxy advisory firm InGovern

The proxy advisory firm believes that since the listed entity is in the midst of a raging corporate battle involving the Burman family; the capital markets regulator SEBI should immediately look into the delay and act in case any violations are found.

Mumbai Police registers FIR against Religare Enterprises' Group CFO, Executive Chairperson

'The concerned officials have denied the allegations made in the FIR and are examining the matter for such further action as is deemed appropriate,' the statement said.

Religare says ED conducted searches at premises of Rashmi Saluja, others

No incriminating documents were found during the search, said the company

Proxy governance firm raises red flag over Religare's fund infusion into MIC Insurance

Religare has sought shareholder approval for infusing Rs 15 crore fresh capital by the way of subscription to shares. The postal ballot is currently in progress and the results would be announced on March 23