Religare Enterprises’ board members have refuted allegations against Chairperson Rashmi Saluja, dismissing claims of violating insider trading norms and receiving contentious ESOPs. The defense comes amid a takeover attempt by the Burman family of Dabur. InGovern Research valued Saluja’s ESOPs at over Rs 480 crore and called for investigations by IRDAI and SEBI. The board clarified that ESOPs granted to Saluja adhered to guidelines and were in her capacity as an employee of REL. The ongoing dispute between Religare and the Burmans involves accusations of market manipulation and financial improprieties, adding complexity to the takeover bid.
Religare Board Defends Chairperson Against Allegations, Amidst Burman Family Takeover
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