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Burman family announces Rs 2,116 crore open offer for 26% stake in Religare Enterprises
MB Finmart, Puran Associates, VIC Enterprises and Milky Investment & Trading Company are the entities that will participate in the open offer to acquire up to 90,042,541 fully paid-up equity shares from the public shareholders of Religare Enterprises at a price of Rs 235 per equity share. The open offer price is at a 17% discount from Friday's closing price of Rs 275 on NSE.