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RBI allows Burman family to raise stake in Religare
short by Mansi Agarwal / on Tuesday, 10 December, 2024
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.
read more at Reuters