Anagram Partners advised the Burman Family Office for an open offer to acquire control and 26% of the voting share capital of Religare Enterprises (“REL”) for USD 265 million approximately

The Burman Family is the promoter family of Dabur India Ltd, one of the leading fast moving consumer goods companies today. The Burman family, already an existing shareholder in Religare Enterprises, made an open offer for an additional 26 % stake in Religare for up to USD 265.03 million approximately. The Open Offer was made with the intention of increasing the family’s current stake and establishing control of Religare

Enterprises with a vision to create a leading financial services platform that encompasses lending, broking, and health insurance services.

Anagram Partners acted as the legal advisors to the Burman family. The team that handled the acquisition was led by Partners, Shuva Mandal and Ankit Mishra and comprised Ashana Shah, Rajni Tolani, and Saachi Pilinja.

Read more at:

Burman family makes open offer to acquire additional 26% stake in Religare Enterprises for Rs 21.16 billion | The Financial Express

Burman family makes open offer to acquire 26% stake in Religare Enterprises (business-standard.com)