Burman Family Holdings has announced an ₹2,116 crore Open Offer for 26% stake in Religare Enterprises Limited ("REL").

The Burman family, through its group entities, is currently the single largest shareholder in REL, and holds ~21% stake. The Open Offer is made with the intention to increase the family’s stake and take control of REL.

Talwar Thakore & Associates advised the Burman Family in this transaction.

The transaction team consisted of Gautam Saha (Joint Managing Partner), Dushyant Bagga (Partner), Akshita Alok (Managing Associate) and Divya Kumar (Associate).

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.