Businessman Danny Gaekwad gets Supreme Court extension to bid for Religare, facing legal challenges from ex-chairperson.

The Supreme Court granted businessman Danny Gaekwad an extension until 2 PM on Thursday to deposit ₹600 crore for his counter-offer to acquire Religare Enterprises, amid ongoing legal battles. Ex-executive chairperson Rashmi Saluja has filed her seventh petition to block the takeover by the Burman family, claiming regulatory failures and misleading shareholders. The case involves complex regulatory hurdles and competing interests, with SEBI and RBI playing key roles in the dispute.

2 months ago
7 Articles