There is no shareholder representation on Religare board; the idea is to create value, not destroy it: Moh

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Key Points

So, we will continue getting our approvals and then at the end of the day the shareholders can decide whether they want to tender their shares into the open offer or not..

How do you see the intrinsic value of Religare Enterprises after all it has gone through, the current management also has really pursued one-time settlement, that was a big positive, all of that, so legacy issues are behind it now..

All we did was supplement the board and provide the management with a good second layer of people who might have not joined Eveready before but joined them because the Burman family are in control and now the results are showing..

So of course, that is the intention, but we have to be very careful in what categories we enter because I still want Eveready to be a B2C business, which we are good at running..

As I said, here one will have to internally evaluate where these businesses are at this point of time but I do not see why they cannot in two or three years reach that growth given the right impetus..

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