Religare Enterprises has decided to withdraw its appeal filed with the National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India’s (CCI) decision permitting four Burman Group entities to acquire a significant stake in the company. This decision signifies a turning point as the Burman family, known for their control over businesses like Dabur and Eveready, have secured a controlling share of over 50% in Religare Enterprises Limited (REL).
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