Religare-Burman Saga: Mumbai Police Questions Key Accuser In Religare Case, Finds Inconsistencies In Claims
The Burman Group acquired control of the Delhi-based financial services firm, Religare Enterprises (REL), and was designated as its promoter after nearly 18 months of a takeover battle. On Thursday, the Burman family secured a controlling stake in REL following the completion of the open offer, bringing their total shareholding to 83,201,819 equity shares, representing 25.16%.