🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Bhawesh

Be the change • 4m

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 ₹2,116 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 ₹275 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.

1 replies3 likes
Replies (1)

More like this

Recommendations from Medial

Image Description

mg

News & updates • 3m

Bajaj finance and it's promoter to buy Allianz's 26% stake in insurance JVs for Rs 24,180 cr.

1 replies9 likes

financialnews

Founder And CEO Of F... • 4m

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

See More
0 replies4 likes

Tushar Aher Patil

Trying to do better • 7m

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

See More
0 replies5 likes

Kimiko

Startups | AI | info... • 1m

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

See More
0 replies17 likes
1

Saksham

 • 

Bebyond • 9m

ROFR vs ROFO When structuring investment agreements, the Right of First Refusal (ROFR) and the Right of First Offer (ROFO) are two important clauses that can shape ownership transfers. Let’s explore how these rights work and their implications for b

See More
0 replies8 likes
3

financialnews

Founder And CEO Of F... • 3m

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

See More
0 replies2 likes
Image Description

Rishi Chavan

Inquisitive • 3m

Ola Electric shareholders who believed in the Elon Musk of India🫡

1 replies11 likes
1

Umair sayyed

stronger relationshi... • 3m

Hello my friend, I am working on cloud kitchen. Along with 12 brands, I need investment for 26 outlets in Mumbai and want to open outlets all over India. The deposit investment will be returned in 3 months.

0 replies3 likes
Image Description
Image Description

Havish Gupta

Figuring Out • 9m

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

See More
14 replies9 likes
3

Download the medial app to read full posts, comements and news.