Key Points
The board is battling the Burmans, its biggest shareholders and the promoters of Dabur Ltd. who are launching an open offer to take over the company...
Ahmed has described the timing of the Burman family open offer to buy more shares as 'fishy' in the first such media comments by any of the independent directors..
"If you look at the disclosures made by Religare sometime in September, the board had welcomed Mr. Burman and his company and said that this open offer or this takeover is in the interest of the shareholders," Gupta said..
Also, the Burmans have objected to Saluja selling her shares after meeting with their representative and have alleged that she has benefited from insider information about their intention to launch an open offer...
However, Mohit Burman, Chairman, Dabur Group, told ET a few weeks ago that the family had voted in favour of Salujas reappointment as chairperson two days after the open offer announcement...
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