Be the changeย โขย 6m
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.
Founder And CEO Of F...ย โขย 6m
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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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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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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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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What I have observed is that by paying attention to small details in any news, we can often predict the next big news. Let me explain with an example. Elon Musk was offered a seat on Twitter's board of directors after becoming the company's largest
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