The Burman Group emerged as the front-runner to acquire Religare after initially seeking to increase its stake in September ...

OCALA, FL – Florida-based businessman Danny Gaekwad has made a counteroffer to acquire a stake in Religare Enterprises at Rs 275 per share, significantly higher than the Rs 235 per share offer ...

In January 2025, a new player, Digvijay ‘Danny’ Gaekwad, a real estate and hospitality entrepreneur from Florida, US, made a counter-offer to buy 55 percent stake in REL.

Gaekwad had requested Sebi's exemption under takeover rules to propose ₹275 a share for Religare, offering a 17% premium to the Burmans' offer of ₹235. He was obligated to deposit ₹600 crore by ...

The Securities and Exchange Board of India (Sebi) has rejected the application by US-based entrepreneur Danny Gaekwad, who sought regulatory nod to file a competing open offer for Religare Enterprises ...

SEBI rejects Gaekwad's plea for competing open offer, solidifying Burman Group's acquisition bid for Religare Enterprises.

New Delhi, Feb 14 (PTI) Capital markets regulator Sebi on Friday rejected Digvijay Laxhamsinh Gaekwad’s plea seeking an exemption to make a competing open offer for a majority stake in Religare ...

The Securities and Exchange Board of India (SEBI) on Friday rejected a request from US-based businessman Danny Gaekwad to make a competing offer for a majority stake in Religare Enterprises Limited.

The Securities and Exchange Board of India (SEBI) has rejected Danny Gaekwad’s competing offer for a stake in Religare Enterprises Ltd. (REL) due to procedural violations and concerns over financial ...

Latest news on February 14, 2025: Digvijay Danny Gaekwad, Indian-born American businessman. The Sebi on Friday rejected Danny Gaekwad’s bid to acquire Religare.

His offer aimed to acquire a 55 per cent stake in Religare. However, the Burman family, responding to Gaekwad's bid, stated that his proposal was not formal as he had only sought SEBI's permission ...