The Competition Commission of India (CCI) on Tuesday cleared proposals involving stake acquisitions in Religare Enterprises (REL) by four entities controlled by the Burman family members.The CCI said Puran Associates, MB Finmart, VIC Enterprises and Milky Investment & Trading Company, which jointly hold 21.25% of REL, have proposed to acquire a majority shareholding of up to 53.94% (assuming full acceptance in the open offer process by the public shareholders), and collectively exercise…
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