Sebi rejects offer of Gaekwad to buy stake in Religare
Sebi has rejected Digvijay Gaekwad's application to make a competing offer for Religare Enterprises, citing insufficient proof of financial resources and non-compliance with a Supreme Court order. This clears the path for the Burmans, who are the largest shareholders, to gain control of the company.
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Sebi has rejected Digvijay Gaekwad's application to make a competing offer for Religare Enterprises, citing insufficient proof of financial resources and non-compliance with a Supreme Court order. This clears the path for the Burmans, who are the largest shareholders, to gain control of the company. 
