Burman Family Says Allegations Of Fraud By Religare Independent Directors Are Baseless

Recently the news has come on the internet that the Burman family has declined the allegations of fraud and branches created by Independent Directors of Religare Enterprises. Since the news has come on the internet it has gone viral the social media platforms. This news became a topic of discussion and currently, thousands of people have been searching the news as they are super curious to know about the whole information about the news. Here we have more information about the news and we will share it with you in this article, so let’s continue the article.

Burman Family

The Burman Family has replied stating the allegations by the Religare Director have been baseless and devoid of any merit. As per the report, the Burman family stated the reference to their activities being dishonest and illegal was baseless and slanderous. The Burman household described the news channel that they had bought all shares in Religare Enterprises transparently and there was no market manipulation. Currently, this news has been gaining huge attention from the people as they want to know complete information about the news. Swipe up the next page for more information about the news.

According to the report, the independent directors of Religare Enterprises had allegedly dropped allegations of fraud and other breaches against the Burmans. The director also wrote to regulators such as RBI, Sebi and the insurance watchdog IRDAI fixing up the stage for a long-drawn takeover fight. This news left several questions in people’s minds and now lots of people must be keen to know about the Burman Family. The Burman family, the most extensive stakeholder of Religare Enterprises, had created an open request to shareholders of Religare Enterprises in September to take control of the financial services business. You are on the right page for more information about the news, so read the article till the end.

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As far as we know, the family, which controls packaged interests firm Dabur Ltd, had presented to acquire an additional 5.27 per cent stake in the financial services firm for ₹407 crore, guiding to a required open request to buy an extra 26% stake from the public. People want to know information about the news but still, there is not much information. Here we have shared all the information which we had if we get any information about the news then we will update you soon. Saty tuned to us for more updates.

Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.