Dabur’s Burman family has increased their equity in Religare Enterprises by 4.4% through a multiple big blocks today, as per sources.
Following today’s acquisition, the Burman family’s ownership in Religare is set to surpass 25%, triggering a mandatory open offer in the company.
In September 2023, the Burmans initiated an open offer to acquire up to 26% of Religare at a rate of *235 per share.
As of December 31, 2023, the Burman family already held a stake of over 21% in Religare Enterprises.
Confirmed Burman family has increased its ownership in the company by an additional 4% through open market operations, acquiring the stake at Rs 233.98 per share. This brings the Burman family’s total stake in Religare to 25.18%.
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