RBI allows Burman family to raise stake in Religare

The RBI has allowed Dabur India's Burman family to increase its stake in financial services provider Religare Enterprises. The family raised its stake to nearly 25% last year and had planned to buy an additional 26% stake through an open offer but faced opposition from Religare's management. Shares of Religare hit a 52-week high on Tuesday following the approval.