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New Religare board seeks governance review, funding
Mint Bangalore
|March 18, 2025
The board has asked the Burman group for a ₹30-40 crore loan in order to meet short-term needs
Religare Enterprises Ltd (REL) has appointed Grant Thornton and Trilegal to conduct a governance review and identify potential instances of misconduct, including by ex-employees of REL and two of its subsidiaries, the company told the exchanges.
This comes more than a month after the Burman Group finally took over REL on 7 February, after an 18-month protracted battle with the former management led by Dr Rashmi Saluja. On 26 February, the REL board appointed four new directors—Abhay Kumar Agarwal, Arjun Lamba, Gurumurthy Ramanathan and Suresh Mahalingam—as non-executive and non-independent directors.
This story is from the March 18, 2025 edition of Mint Bangalore.
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