Dabur Picks up 5% more in Religare

The Burman family, well-known for their affiliation with the renowned ayurvedic brand Dabur, reportedly made a notable move on August 16th. Through a block deal, they acquired an additional 5 percent stake in Religare Enterprises. This strategic decision served to elevate their ownership percentage in the company from the previously recorded 14 percent, a figure noted in the month of June. Apart from their involvement with Dabur, the Burman family also has a good amount of shares in Religare Enterprises through different parts of their business. Religare Enterprises is a part of Religare Finvest (RFL). They want to get Rs 800 crore by asking big investors for money, and they're doing this through something called a qualified institutional placement (QIP). They managed to sort out their financial issues with lenders from Religare Finvest Ltd by making a single settlement. To settle everything, they paid Rs 400 crore to 16 lenders in March this year. [Source: Moneycontrol] https://unlistedzone.com/shares/care-health-previously-religare-health-insurance-company-limited-unlisted-shares-buy-sell-share-price