Religare Enterprises Shares Soar 9% as Burman Family Secures Controlling Stake

Religare Enterprises stock price was up almost 9% on February 21, 2025, with news that the Burman family had acquired majority control of the company. They currently hold 25.16%, the designation as promoters after a long battle with the takeover. This is the end of the battle after 18 months-long struggle with the Burman family against other competing offers. The family would now inject over Rs 2,000 crore into the company and put the branding in order. Market sentiment changes one way or the other; the change in control giving investors hopes of further stability, governance, and growth potential for the financial services company.

 

Source: Business Standard, NDTV Profit, Economic Times