Burmans Threaten Legal Action vs Saluja’s ESOPs; Care Health Retaliates
TL/DR -
The Burman family, which owns over 25% of Religare Ltd through four associate firms, has threatened legal action against the board of Care Health, the largest subsidiary of Religare. The Burmans allege that the Care Health board granted 22.7 million stock options to the non-executive chairperson of Care Health, Rashmi Saluja, despite the…