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

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Burmans' Rs 2,116-crore open offer for Religare gets tepid response - Business Standard

Quick Summary:

The open offer for the acquisition of up to 9,00,42,541 fully paid-up equity shares of face value of Rs 10 each, representing 26 per cent of the expanded voting share capital of REL from the public shareholders by M B Finmart Pvt Ltd, Puran Associates Pvt Ltd, VIC Enterprises Pvt Ltd, and Milky Investment & Trading Company commenced on January 27, 2025.

Burmans' open offer of Rs 2,116 crore for the acquisition of additional 26 per cent stake in Religare Enterprises Ltd (REL) has received tepid response.

Following the open offer, the shareholding of four entities would rise to 24.02 per cent.