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

Money ControlMoney Control · 1m
'You can't undervalue your own company': Religare's Rashmi Saluja questions ED & SEBI on ‘baseless allegations’

Dr. Rashmi Saluja, Executive Chairperson of Religare Enterprises, remains composed despite being embroiled in a takeover battle and facing allegations from the Securities and Exchange Board of India (SEBI) and the Enforcement Directorate (ED). The Burman Group, which holds a stake in the company, proposed an undervalued open offer to buy shares. Saluja insists that the allegations against her are baseless and retaliates by questioning SEBI's handling of the matter. She also defends herself against accusations of insider trading and delays in conducting the Annual General Meeting. Saluja believes she is being targeted and expresses confidence that the truth will prevail. Other investors seem to support her, considering the growth of the company's shares.

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