Religare Enterprises' stock surged as India's RBI approved the Burman family's bid for majority control.

Religare Enterprises' stock rose over 9% after the Reserve Bank of India approved the Burman family's offer to buy an additional 26% stake in the company. The RBI approval includes conditions to maintain the current management structure without adding new directors. The Burman family, who already own 25.12% of the company, will gain majority control with this acquisition.

4 months ago
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