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.
