Shares of Religare Enterprises Limited (REL) are grabbing attention after the Burman family took control of the company. They now own 25.16% of REL, which means they have a big say in its operations.
On February 17, 2025, the Burman family completed their open offer to buy shares, adding 231,025 shares, which is a tiny portion of the total. Before that, on January 31, 2024, they bought 13.2 million shares, which was about 4% of REL’s total shares. This means they are serious about becoming key players in the company.
The Burman family, famous for creating Dabur India, got the green light from the Reserve Bank of India (RBI) in December to buy more shares in Religare. Their goal is to make the company stronger, improve its management, and keep it growing sustainably.
After this news, the company’s shares dropped by 2%, ending the day at Rs 223.
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