The battle for Religare Enterprises Ltd (REL) has taken a new turn, with the market regulator seeking the views of its insurance counterpart on REL's insurance unit issuing hefty stock options to Rashmi Saluja, who chairs both companies.
On 4 January, the Securities and Exchange Board of India (Sebi) wrote to the Insurance Regulatory and Development Authority of India (Irdai) for its detailed views and comments on the grant of Care Health Insurance Ltd stock options to Saluja. The letter from Sebi's corporate finance department stated the matter is of high importance given the amount involved for incentivising a single employee; and the Burman family's planned takeover of Religare.
Diese Geschichte stammt aus der February 15, 2024-Ausgabe von Hindustan Times.
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