Religare Shares Surge 9% as Burman Family Secures Control

Shares of Religare Enterprises Ltd soared over 9% on February 21, after the Burman family gained majority control of the company and was officially designated as its promoter.

The stock rally comes after the Rs 2,116 crore open offer by the Burman Group to acquire an additional 26% stake in Religare Enterprises. However, the offer received a lukewarm response, with only 0.07% equity tendered by existing shareholders.

Despite this, the Burmans now hold a 25.16% stake, making them the largest shareholder and giving them controlling rights in the company.

Burman Group's Statement on Controlling Stake

A spokesperson from the Burman Group expressed their gratitude towards stakeholders and regulators, emphasizing their commitment to stability, governance, and long-term growth.

“We are pleased to announce that we have acquired control of Religare Enterprises and been designated as its promoters. Our vision for REL is anchored in governance, trust, and integrity, guiding us towards a future built on resilience and maximizing stakeholder value.”

The group has outlined its top priorities:
✔ Strengthening corporate governance
✔ Enhancing business stability
✔ Driving sustainable long-term growth

Burman Family's Investment Journey in Religare

The Burman family, known for its ownership of Dabur India, has been steadily increasing its stake in Religare Enterprises:

? September 2023 – The Burmans announced a ₹2,116 crore open offer to acquire 26% stake in Religare.
? January 2024 – Four Burman entities acquired an additional 3.6% stake in Religare for ₹277 crore through open market transactions.
? February 2025 – Following the open offer, the Burmans now control 25.16% of Religare Enterprises.

The stake acquisition was carried out by four Burman-owned entities:
? Finmart Pvt Ltd
? Puran Associates Pvt Ltd
? VIC Enterprises Pvt Ltd
? Milky Investment & Trading Company

Market Reaction & Future Outlook

As of 9:34 AM, shares of Religare Enterprises were trading at ₹239.09 on the NSE, reflecting a strong investor response to the Burman family’s takeover.

The conglomerate has stated its intent to collaborate closely with Religare’s leadership and board to:
✔ Refine the company’s strategic direction
✔ Improve financial performance
✔ Drive long-term shareholder value

Conclusion

The Burman family’s control over Religare Enterprises marks a significant shift for the company, with a focus on governance and growth. As the group takes charge, investors will closely watch for strategic decisions that enhance the company’s market position and profitability.

The Upcoming IPOs in this week and coming weeks are Nukleus Office, Shreenath Paper.

The Current active IPO are Beezaasan Explotech, Swasth Foodtech, HP Telecom India.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.

Join our Finance Saathi Telegram Channel for Regular Share Market, News & IPO Update.