Wanting prospective acquirers to take more responsibility towards Religare: Rashmi Saluja

Value unlocking by Religare Enterprises, which is locked in a takeover battle with the Burman family, has stalled due to the “irresponsibility” of the acquirer, said Rashmi Saluja, chairman of the company.

“We want prospective acquirers to be more responsible to other shareholders and help us unlock the value of the company. Management cannot do anything to get a good and correct tag from the regulator, and the ball is in their court,” said Saluja.

The Burman family, the promoters of the Dabur group, made an open offer to acquire another 26 percent stake in Religare in October last year.