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Namibia expects to produce first oil by 2030, with development plans underway for the eight discoveries made in the Orange Basin since 2022....
Reimagining Resource-Rich Namibia: Namibia International Energy Conference (NIEC) to Explore Orange Basin Prospects
REL led by chairperson Rashmi Saluja has sought to obstruct the applications that need to be sent to the regulators for changes in shareholding, control and management of REL, said the letter by the Burmans, promoters of the Dabur Group. The action by the REL management “impedes the ability of regulatory authorities to perform their obligations,” the Burmans said in the letter, a copy of which ET has seen. “It also costs the public shareholders of Religare.”
In September 2023, the Burman family, which owns Dabur, signalled its intention to acquire a 5.27% stake in the financial services company for ₹407 crore, taking their shareholding to over 26%, triggering an open offer.