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Rashmi Saluja, a doctor by training, who joined Religare as an independent director in 2018 and became its chairperson next year, said that "Anand Burman along with Arjun Lamba met me but never discussed the open offer (proposal for the financial services company s shareholders). If they had any intention of informing me then they should have done it with a proper protocol by writing to the board." ....
In a 20 December letter, Sebi sought wide-ranging information from both REL and the Burman entities on all events leading up to the open offer and after. ....
In an email sent to Sebi and bourses on November 8 that has been reviewed by ET, four entities - MB Finmart, Puran Associates, VIC Enterprises and Milky Investment and Trading Co - that collectively hold 21.24% in Religare said Sal chairperson Rashmi Saluja sold a portion of her personal holdings in the firm soon after a meeting with a representative of the Burmans. ....
Entities controlled by the billionaire Burman family, the largest shareholders of Religare Enterprises Ltd, have written to the Securities and Exchange Board of India (Sebi) and stock exchanges, seeking a probe into trades in the shares of the financial services firm by chairperson Rashmi Saluja. ....
The Burmans’ accusations come after reports of Religare independent directors levelling allegations of fraud and other breaches against the Burmans emerged on Thursday. ....