US investor to seek banker as Sebi ‘returns’ its Religare offer – The Times of India
MUMBAI: Florida-based investor Digvijay Laxmansinh Gaekwad, who has shown interest in purchasing Religare Enterprises, will need to appoint a merchant banker to comply with Sebi‘s takeover rules. After that, he will seek the regulator’s approval to make an offer for the New Delhi-based financial services company. This comes after Sebi on Tuesday “returned” Gaekwad’s letter…