The Burman family, associated with FMCG giant Dabur, has announced an open offer to acquire an additional 26% stake in Religare Enterprises Ltd for INR 2,116 crore. The open offer aims to purchase up to 90,042,541 shares at INR 235 each. Currently, four entities of the Burman Group hold 26.52% of Religare, and as per SEBI norms, acquiring a 25% stake triggers a mandatory open offer. If successful, this move will increase the Burman family’s stake in Religare to approximately 54%, aligning with their vision of creating a comprehensive financial services platform encompassing lending, broking, and health insurance services. Religare is a Mumbai-based diversified financial services company offering services across 400+ cities, including SME loans, housing finance, health insurance, and retail broking.