TT&A advises Burman Family in open offer of Religare Enterprises

The open offer has been announced for ₹2,116 crore.
Burman Family Holdings
Burman Family Holdings

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).

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