
Dr. Mallikarjun Goda Steps Down As CCO At Religare
Dr. Mallikarjun Goda, Chief Compliance Officer of Religare Enterprises Limited, has stepped down and been relieved of his duties immediately amid ongoing takeover efforts by the Burman family, the company said in a statement.
Dr. Goda’s resignation coincides with tensions surrounding the Burman family’s open offer to acquire a controlling stake. Legal disputes delayed the Rs 2,116 crore offer, priced at Rs 235 per share, but the Madhya Pradesh High Court has cleared the way for the AGM. The AGM will address key issues, including Chairperson Rashmi Saluja’s reappointment.
The Burman family has secured necessary regulatory approvals, and if successful, their stake will exceed 50%, shifting management control to the promoters of Dabur.