Amit Burman

The RBI grants conditional approval for the Burman family's 26% stake offer in Religare, with restrictions on board changes. Sebi approval is still pending amid valuation disputes

The Religare board opposed the open offer and has taken action against it with regulators, including RBI and Sebi

Co will have to apply for requisite approvals from RBI, Irdai, Sebi before July 12; Notices slapped on board for alleged breach of responsibilities

On September 25th, last year, the Burman family had announced an open offer for REL at Rs 235 per share

Burman family -- the promoters of Dabur -- has filed a complaint with regulatory authorities seeking a probe into sale of shares by Religare Enterprises Ltd's Chairman Rashmi Saluja. As per the complaint, Saluja sold her share in Religare Enterprises Ltd (REL) immediately after the Burman family disclosed to her that they intend to make an open offer for the financial services firm. Entities controlled by the Burman family -- promoters of FMCG major Dabur -- have written to the Securities and Exchange Board of India (Sebi) and stock exchanges that Saluja sold a portion of her personal holdings in Religare Enterprises Ltd a day after meeting a representative of the Burmans on September 20. Saluja at the meeting was informed about the intentions of Burmans, who held a 20.15 per cent stake in REL and had bought another 5 per cent, to make an open offer to buy another 26 per cent stake from open market to take a controlling stake in the financial services firm, Dabur India chairman Mohi

Burman family, which holds a controlling stake in Dabur, announced an open offer for a 26 per cent stake in Religare Enterprises for up to Rs 2,116 crore

" The purpose of doing this transaction is to raise funds for financing some ventures in the private hands of the Burman family," the exchange filing said

Company's focus shifts to topline growth under Burmans; may look at new categories later

Mohit Burman has been appointed as the non-executive chairman of the board of the company from August 11 for a period of five years

Saket Burman has been appointed as the non-executive vice chairman of the board of directors with effect from August 11 for a period of 5 years

Adani Sportsline picks up Gujarat team, GMR Sports gets the Telangana franchise

The Burmans - who have been buying into Eveready since 2019 and became the largest shareholder in July 2020 - have made it clear that their offer is for control

Homegrown FMCG major Dabur India on Monday said its Non-Executive Chairman Amit Burman has undergone a successful surgery in London for treating a case of aneurysm. Burman (52) is recuperating, Dabur India said in a regulatory filing, adding the surgery was successful and his health is improving. "Doctors are constantly monitoring his condition and have advised him to take rest," it added. Aneurysm is a bulge in a blood vessel caused by a weakness in the wall of the blood vessel. Burman, who started his career at Dabur's Industrial Engineering Department taking charge for induction of machinery, method improvements, manpower reduction and improving product packaging, is responsible for the company's foray into processed foods business with the setting up of Dabur Foods Ltd. He became the CEO of Dabur Foods in 1999 and led the company's foray into processed foods business with a range of ethnic cooking pastes and chutneys and packaged fruit juices. In July 2007, he stepped down as

The Dabur chairman has invested Rs 17 crore in Mind Sports League, which is valued at Rs 40 crore and which he owns 90 per cent of together with its CEO and co-founder Pranav Bagai

MIT and the University of Berkeley actually have a course on poker, says Burman