The Burman family urged the Securities and Exchange Board of India (Sebi) to investigate Religare Enterprises Ltd shares trading by chairperson Rashmi Saluja. Allegedly, Saluja sold shares after a meeting where the Burmans disclosed plans for an open offer. The company responded, denying any link between the meeting and the share sales. Earlier, independent directors reported fraud and breaches to financial regulators. The Burmans, holding 21.5% stake, highlighted Saluja’s sale of 1.29 million shares, expressing concerns about the alignment of these trades with market integrity. They expressed responsibility to ensure the company’s and investors’ best interests.
Burman Family Calls for Probe into Religare Shares Trades
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