Danny Gaekwad’s third push for Religare: Will Sebi blink?
Ramping up his efforts to be allowed a shot at bidding for embattled conglomerate Religare Enterprises, India-born US investor Digvijay ‘Danny’ Gaekwad has sought a “special exemption” under the country’s takeover code from India’s markets regulator. This comes after his initial counteroffer to the Burman’s family’s open offer for Religare—first submitted on 24 January and
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