Burmans set to control Religare after open offer

The Burman family, owners of Dabur group, has made an open offer to purchase an additional 26% stake in Religare Enterprises for approximately Rs 2,116 crore. If successful, this would increase the Burman family's holding in the company from 21.3% to 53.9%, making them the promoters. The open offer is priced at Rs 235 per share, a discount to the current market price. Religare's board has expressed its support for the offer, stating that the Burmans have an impeccable reputation in the industry.

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