Key Points
The Burmans, who control FMCG major Dabur, are one of the oldest business families in India, their business dating back to 1884 when Dr SK Burman in Kolkata started making natural medicines for curing diseases like cholera, malaria and plague..
He formed a company called Dabur, from initials of his popular address 'Daktar Burman'..
Some of these allegations are being made because we drew the attention of the company by our letter dated October 26, 2023, to the board of REL, to certain share trades by a certain senior executive at REL immediately prior to the launch of our open offer," according to the Burman family statement..
In an email sent to Sebi and bourses on November 8 that has been reviewed by ET, four entities of the Dabur family that collectively hold 21.24% in REL said REL chairperson Rashmi Saluja sold a portion of her personal holdings in the firm soon after a meeting with a representative of the Burmans...
Though the Burman family has long been into financial services, the plan to raise the stake in Religare Enterprises Ltd in order to wrest control of it comes at a time when the financial services sector is getting innovative as it increasingly goes online..
