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Burman Family demands SEBI investigation in allotment of Religare ESOPs to REL chairman Rashmi Saluja
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Religare Enterprises Limited (REL), Care Health Insurance Limited, and RFL, all without approval and requisite disclosure to REL shareholders. This raises question mark on the management and the independence of the independent directors and their complicity in such unjustified dole outs.
REL board should answer the shareholders whether there exist more instances of ESOP issuances to entities, and potential conflicts of interest. These actions have eroded trust and confidence in the REL board, necessitating urgent need to restore credibility," the spokesperson of the Burman Family said.
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