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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.
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Las acciones de Religare Enterprises aumentaron a medida que el RBI de la India aprobó la oferta de la familia birmana para el control mayoritario.