‘InGovern report creating anti-India sentiment’

Religare Enterprises, currently undergoing a turnaround, recently made headlines following a report by proxy advisory firm Ingovern. The Burman family, which owns 21.5 per cent, has made an open offer. As the takeover battle intensifies, the Securities and Exchange Board of India (Sebi), sent notices to RASHMI SALUJA, chairperson of Religare Enterprises, for alleged insider trading. And, the Enforcement Directorate (ED) has also started a probe. In a video interview with Dev Chatterjee and Khushboo Tiwari, Saluja discusses various issues. Edited excerpts:

How do you respond to Ingovern's report on Religare?

The Ingovern report is completely devoid of facts. It is shadow boxing for someone else. The proxy advisory firm should take responsibility for the report but it has written a disclaimer saying some of the contents of the report may not be true and hence it does not take responsibility. It is creating an anti-India sentiment at a time when the Indian economy is at its cusp. It is asking questions about a company which has emerged from very difficult times and is trying to attack us when several global investors are showing interest. In fact, it (InGovern) is trying to be a super regulator by trying to direct the regulator what to do.