Religare asks subsidiaries to initiate removal of Rashmi Saluja from their boards

Religare Enterprises' board has directed its subsidiaries to remove former executive chairperson Rashmi Saluja and Rakesh Asthaana from their respective positions. This follows the Burman family's acquisition of a controlling 25.16% stake in the company. Subsidiaries affected include Religare Finvest Limited, Care Health Insurance, and Religare Broking Ltd. The Burmans' open offer valued at Rs 2,116 crore saw limited response.