Religare-Burman saga brings forth a key inconsistency in Sebi and RBI rules for takeovers

Religare-Burman saga brings forth a key inconsistency in Sebi and RBI rules for takeovers

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The ongoing acquisition dispute between non-banking financial services company(NBFC) Religare Enterprises and the Burman group has brought forth an apparent conflict in the takeover rules issued by Indian market regulator and central bank, say legal experts. The seeming inconsistency in the rules could…
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Source: https://www.moneycontrol.com/news/business/religare-burman-saga-brings-forth-a-key-inconsistency-in-sebi-and-rbi-rules-for-takeovers-12754838.html/amp