Court halts Religare AGM and Burman family's share acquisition plan amid investor dispute.

The Madhya Pradesh High Court has stayed Religare Enterprises' annual general meeting and the Burman family's open offer to acquire more shares, following a petition by an investor. The Burman family, who already hold a 25% stake, sought to gain additional control, but this move faced opposition due to governance concerns, leading to the court's intervention to protect minority shareholders. The case will be heard again on January 17.

3 months ago
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