Acquiring Company
Burman Group
Acquired Company
Religare Enterprises Ltd
DelhiIndiaHealth CareMedicalFinancial ServicesFinanceLendingBankingDescription
The Burman Group plans to acquire 26% of Religare Enterprises Ltd's shares, prompting a competing offer dispute. Danny Gaekwad attempted to enter the bidding war for a greater stake but failed to meet regulatory timelines. The Securities Appellate Tribunal ruled against his plea for an extension, reinforcing the open offer regulations. The Burman Group's open offer concluded on February 13, 2025.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Religare Enterprises Ltd?
Religare Enterprises Ltd was acquired by Burman Group, based in Delhi. The deal was reported on August 21, 2026. The Burman Group is an Indian conglomerate known for its diverse interests in consumer goods, health products, and other industries. Burman Group is privately held and operates in Health Care.
When did Burman Group acquire Religare Enterprises Ltd?
Burman Group's acquisition of Religare Enterprises Ltd was reported on August 21, 2026. The Burman Group plans to acquire 26% of Religare Enterprises Ltd's shares, prompting a competing offer dispute. Danny Gaekwad attempted to enter the bidding war for a greater stake but failed to meet regulatory timelines. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Religare Enterprises Ltd do?
Religare Enterprises Ltd is a financial services company based in India. It has a complex structure with multiple subsidiaries, including Religare Finvest. The firm offers a range of financial products and services to its clients. It is privately held, operating in Financial Services, and is based in India.
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