Religare Ent says arm didn't issue shares to chairperson Rashmi Saluja, no norms flouted
Religare Enterprises has clarified that it has not violated rules on issuance of securities to key managerial personnel, as its non-bank lending arm, Religare Finvest, did not issue any shares to its chairperson, Rashmi Saluja. The company stated that the proposal of granting 21.4 million stock options to Saluja was approved by shareholders but not acted upon.