Anagram Partners advised the Burman Group on the acquisition of a controlling shareholding interest in Religare Enterprises Limited.

Anagram Partners advised the Burman Group on the mandatory tender offer and acquisition of control of Religare Enterprises Limited, a leading financial services conglomerate. This takeover witnessed one of the fiercest campaigns in recent times, spanning over 16 months, to resist a takeover offer in corporate India.

Anagram Partners acted as legal counsel to the Burman Group to overcome hostile defences by the management and multiple litigations across the country in High Courts, the Securities Appellate Tribunal, the National Company Law Appellate Tribunal and the Supreme Court of India and to navigate the regulatory approval processes involving the Reserve Bank of India, the Securities Exchange Board of India, Competition Commission of India and the Insurance Regulatory Development Authority of India.

The team was led by our partners, Shuva Mandal, Ankit Mishra and Rohan Batra and comprised Rishabh Bhargava, Dhruv Sethi, Harsh Vardhan Arora, Ashana Shah, Saachi Pilinja, Nidhi Chaudhary and Yuga Kane.

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Burman Group acquires control of Religare Enterprises Limited

Burman family acquires controlling stake in Religare Enterprises after ₹2,116-crore open offer | Mint