religare: 'It is up to Sebi to decide if Burman offer for Religare is fishy, not independent directors'
“Who is the person to decide whether the open offer is fishy or in accordance with the regulation? The authority rests with SEBI. If the regulator finds something they will obviously not clear the open offer but it does not mean that anybody can just say that open offer is bad or fishy.”
Source: indiatimes.com