Dabur's chairman breaks his silence on the control battle with Religare's board of directors and says the Burman Group can provide better strategic direction as promoters of the company
The Burman family, promoters of FMCG company Dabur and the single-largest shareholders of Religare, and Religare’s board of directors are fighting a bitter battle for control. When the Burman family announced its plan to launch an open offer to raise their holding in the company to around 52 percent, it quickly escalated into a mud-slinging contest with serious accusations and counter accusations of misgovernance and financial irregularities. You can read the full story here.