Florida investor offers ₹275 per share for Religare, countering Burman Family's ₹235 offer.

Florida investor Digvijay Gaekwad has proposed a competing bid of ₹275 per share to acquire 26% of Religare Enterprises, an Indian financial services company. This counters the Burman Family's offer of ₹235 per share, which Gaekwad claims undervalues the company. Gaekwad argues his offer is fairer and better for shareholders, as the Burman offer lacks transparency on regulatory compliance and the impact on shareholders.

2 months ago
14 Articles