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DABUR

Reputation: 642,713 • Nov 16, 2023 3:16 AM

InGovern alleges regulatory breach in ESOPs to REL Chairman, seeks regulatory probe

Shares of CARE were issued to Saluja through ESOPs, despite rejection from IRDAI (Insurance Regulatory and Development Authority of India) and no approval from the shareholders of REL was also taken for that, said InGovern in its report.

The Economic Times

𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• InGovern Research has raised concerns about Religare Enterprises' Chairman Rashmi Saluja's excessive remuneration and regulatory breaches.
• Saluja has received over Rs 480 crore in options from Religare Enterprises and its subsidiary Care Health Insurance Limited.
• IRDAI and SEBI have been urged to investigate the matter further.
https://economictimes.indiatimes.com/industry/banking/fin...
#DABUR #EVEREADY #RELIGARE 

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