Open Offer: SEBI junks Danny Gaekwad exemption plea for Religare Enterprises competing offer
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SEBI junks Danny Gaekwad exemption plea for Religare Enterprises competing offer

The Securities and Exchange Board of India Friday rejected an application from US investor Danny Gaekwad Developments & Investments seeking an exemption from the market regulator's rules to make a competing open offer for 55% of the outstanding equity share capital of Religare Enterprises Ltd. at a price of INR 275 per equity share.

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