Religare gets counterbid from US investor Digvijay Gaekwad to Burman’s open offer

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US-based investor Digvijay Gaekwad has made a counterbid for Religare Enterprises, offering ₹275 per share, 17% higher than Burman family’s ₹235 bid. Gaekwad claims Burman’s offer undervalues the company and raises concerns over RBI’s conditional approval.

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