High court clears way for Religare AGM, Burmans' open offer
Financial Express Pune|January 10, 2025
THE MADHYA PRADESH High Court on Thursday lifted the stay on Religare Enterprises annual general meeting (AGM) as well as the Reserve Bank of India (RBI)'s approval for Burmans' open offer to acquire an additional 26% stake in the company.
AKSHATA GORDE

A division bench, comprising chief justice Suresh Kumar Kait and justice Vivek Jain, dismissed the case as the petitioner was not a shareholder in Religare, and therefore, not an aggrieved party. Shares of Religare Enterprises rose over 6% on Thursday, closing 4.7% higher at ₹294.55 on the BSE.

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