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Timing of Burmans' Open Offer Fishy: Religare Ind Director Ahmed

Hamid Ahmed, an independent member on the Religare Enterprises board, has described the timing of the Burman family open offer to buy more shares as ‘fishy in the first such media comments by any of the independent directors at the financial services company the founder-promoters of Dabur are seeking to control.

India , Hamid-ahmed , Malay-kumar-sinha , Rashmi-saluja , Preeti-madan , Anand-burman , Ranjan-dwivedi , Praveen-kumar-tripathi , Religare-enterprises-ltd , Jamia-hamdard-university , Dabur , Exchange-board-of-india

Timing of Burmans' open offer fishy: Religare independent director Hamid Ahmed

"The merits of the offer are not very good. They want to replace the board and the management," said Ahmed, also the chief executive officer of Hamdard Laboratories and chancellor of Jamia Hamdard University. "The company has come out of heritage problems. At such a time, the offer looks a bit fishy," said Ahmed, who joined Religare's board as an independent director two years ago.

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Burman Family rejects Religare board's authority over open offer

Burman Family rejects Religare board's authority over open offer
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Preeti-madan , Malay-kumar-sinha , Praveen-kumar-tripathi , Rashmi-saluja , Hamid-ahmad , Hamid-ahmed , Ranjan-dwivedi , Linkedin , Religare-enterprises-ltd , Facebook , Twitter , Burman-family

open offer: Independent directors of Religare rebel against Burmans' takeover plan

Religare's independent directors have alleged that the Burmans are in material breach of regulatory obligations that may harm the firm. Of the six-member board, five are independent. They are Malay Kumar Sinha, Hamid Ahmed, Praveen Kumar Tripathi, Ranjan Dwivedi and Preeti Madan. The board is led by executive chairperson Rashmi Saluja.

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Religare Rebels Against Burmans' Takeover - The Economic Times

The independent directors of Religare Enterprises Ltd (REL) have written to regulators such as RBI, Sebi and the insurance watchdog, levelling allegations of fraud and other breaches against the Burman family, which had made an open offer in September to acquire control of the company.

India , Malay-kumar-sinha , Preeti-madan , Religare-finvest , Mohit-burman , Ranjan-dwivedi , Rashmi-saluja , Praveen-kumar-tripathi , Hamid-ahmed , Religare-enterprises-ltd , Burman-group , Dabur

open offer: Religare rebels against Burmans' takeover

Religare's independent directors have alleged that the Burmans are in material breach of regulatory obligations that may harm the firm. Of the six-member board, five are independent. They are Malay Kumar Sinha, Hamid Ahmed, Praveen Kumar Tripathi, Ranjan Dwivedi and Preeti Madan. The board is led by executive chairperson Rashmi Saluja.

Mumbai , Maharashtra , India , Rashmi-saluja , Religare-finvest , Praveen-kumar-tripathi , Hamid-ahmed , Malay-kumar-sinha , Ranjan-dwivedi , Mohit-burman , Preeti-madan , Religare-enterprises-ltd

Global generative AI revenue to hit $33B by 2027

Global generative AI revenue to hit $33B by 2027
reseller.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reseller.co.nz Daily Mail and Mail on Sunday newspapers.

Praveen-kumar-tripathi , Rena-bhattacharyya ,

Generative AI looks set for meteoric growth

Generative AI looks set for meteoric growth
it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.

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