The Burman family, associated with Dabur, aims to acquire a majority stake in Religare Enterprises Ltd (REL) via an open offer. Allegations and counter-accusations have escalated between the parties, impacting the acquisition. Independent directors accused the Burmans of market manipulation, triggering Sebi’s inquiry. The Burmans defended themselves, alleging insider trading by REL’s Executive Chairperson, Rashmi Saluja, challenging her high compensation and share sale. REL refutes these claims, asserting the share sales preceded the Burmans’ meeting and that Saluja’s remuneration aligns with company performance and ESOP values, citing discrepancies in the alleged compensation figures.