Be the changeย โขย 8m
As of February 20, 2025, the Burman family, known for their ownership of Dabur India, has acquired a controlling stake in Religare Enterprises Limited (REL), becoming its official promoters. Acquisition Details: Open Offer: In September 2023, the Burman family announced an open offer to acquire up to 26% of REL's shares from public shareholders, amounting to โน2,116 crore. Stake Increase: Prior to the open offer, the Burmans held a 20.15% stake in REL. Post-acquisition, their shareholding increased to 25.16%, solidifying their position as the largest shareholders. Challenges Faced: Competing Offer: In January 2025, U.S. businessman Digvijay "Danny" Gaekwad proposed acquiring a 26% stake in REL at โน275 per share, a 17% premium over the Burmans' offer. Immediate Priorities: This strategic move marks a significant development in India's financial services sector, with the Burman family aiming to enhance REL's operations and market position.
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As a founder, your startup is your baby. But what about when that Golden Exit opportunity appears? Drag-Along Rights in your Shareholder Agreement(SHA) are crucial for ensuring a smooth acquisition process. What are Drag-Along Rights? They empower
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Tata Power acquires 40% stake in Khorlochhu Hydro Power for Rs 830 cr . . . On August 6, the Board of Directors of The Tata Power Company Limited approved a proposal for the acquisition of a 40 per cent equity stake in Khorlochhu Hydro Power Limited
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Day 11 About Basic Finance and Accounting Concepts Here's Some New Concepts Equity, in finance, represents the ownership value held by shareholders in a company. It is essentially the difference between a company's total assets and its total liabili
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1] Railtel share price jumps despite bleeding Indian stock market 2] SBI share price at a 52-week low, down over 20% in 9 months 3] ICICI Prudential Mutual Fund buys fresh shares of Motherson Sumi Wiring India ICICI Prudential Mutual Fund picked a
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While the Nayar family maintains the majority stake in Nykaa, significant ownership is also held by ICICI Prudential (through its mutual fund and insurance arms, totaling about 8.2%) and Harindarpal Banga (Harry Banga), the founder and Chairman of Th
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Founder And CEO Of F...ย โขย 8m
Bajaj Group to buy 26% each in insurance businesses from Allianz Bajaj Finserv to acquire 26% stake from Allianz in Bajaj Allianz Life & Bajaj Allianz General Insurance Mumbai: The Bajaj Group will buy out Allianz SE's stakes in their two insurance
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Did you know ? Snapchat received 3 Billion dollar acquisition offer from Facebook in 2013 they declined the offer and now there current valuation is 15 Billion dollars. Clubhouse received 4 billion dollar offer from Twitter and today they are loos
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