TT&A advised the Burman family in INR 2116 Crore open offer of Religare Enterprises Limited (“REL”).

The Burman family, through its group entities, is currently the single largest shareholder in REL, and holds ~21% stake. The Open Offer is made with the intention to increase the family’s stake and take control of REL.

TT&A Team: Gautam Saha – Joint Managing Partner; Dushyant Bagga – Partners; Akshita Alok – Managing Associate; and Divya Kumar – Associate