Earlier this month, the RBI approved the open offer of the Burman family, which currently holds a 25% stake in Religare through its four entities, to acquire an additional 26%, potentially gaining majority control of the NBFC.The AGM gains importance as Religare chairperson Rashmi Saluja is up for reappointment, which had already been pushed to December from September. The Burmans, proxy firm InGovern as well as certain institutional investors have called for voting Saluja out, against her fresh five-year term for on the Religare board."Till further orders, the notice dated December 9, 2024 (RBI approval) and the Annual General Body Meeting of Respondent No. 7 (Religare Enterprises) which is scheduled to be held on December 31, 2024 shall remain stayed," Madhya Pradesh High Court said in its order.

HC stays Religare AGM, RBI's nod for open offer

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.