AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Finshots Daily
Why is SEBI after Religare's Rashmi Saluja?
Jun 27, 2024
Rashmi Saluja from Religare is under SEBI's pressure to deal with Dabur's Burman family's hostile takeover bid. The podcast delves into the potential consequences for both companies and the regulatory hurdles involved.
06:45
Episode guests
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- SEBI wants Religare to comply with regulations to prevent hostile takeover by Burman family.
- Burman family aims to diversify business empire with financial services, planning to influence Religare's operations.
Deep dives
Sebi's Involvement in Religare's Situation
SEBI is pressuring Religare's board to comply with regulations due to a potential hostile takeover bid by the Burman family. This stems from the past financial fraud allegations against Religare's founders, leading to a loss of investor confidence. The increase in Burman's stake in Religare triggers regulatory rules that require additional offers to minority shareholders over 25% ownership. This situation puts Religare in a precarious position, with SEBI monitoring closely.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode