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US investor Danny Gaekwad Developments & Investments seeks Sebi exemption for Religare takeover

US investor Danny Gaekwad Developments & Investments seeks Sebi exemption for Religare takeover

by AIP Online Bureau | Feb 4, 2025 | Health, Indian News, Regulation

In a regulatory filing, REL posted a letter written by Danny Gaekwad Developments & Investments addressed to SEBI Chairperson, requesting for grant of exemption from strict enforcement of Substantial Acquisition of Shares and Takeovers (SAST) Regulations New...
US investor Danny Gaekwad Developments & Investments seeks Sebi exemption for Religare takeover

Sebi rejects competing open offer by US-based entity to pick majority stake in Religare

by AIP Online Bureau | Jan 28, 2025 | Eco/Invest/Demography, Health, Indian News, Regulation

In a communication dated January 28 to REL, the Securities and Exchange Board of India (Sebi) said, “letters submitted by Digvijay Laxmansinh Gaekwad are being returned since the same is not an exemption application in terms of Regulation 11 of SEBI (SAST)...
US investor Danny Gaekwad Developments & Investments seeks Sebi exemption for Religare takeover

US-based D Gaekwad Developments make competing offer for Religare; Burman confident of success

by AIP Online Bureau | Jan 26, 2025 | Eco/Invest/Demography, Indian News

Following the open offer, Burman’s stake in REL would rise to 53.94 per cent, while Digvijay Laxmansinh Gaekwad proposes to pick 55 per cent stake in the company New Delhi: A day ahead of an open offer, Religare Enterprises Ltd (REL), the holding company of Care...

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