Final order in the matter of suspected insider trading by certain entities in the scrip of Religare Enterprises Ltd.
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What is this order about?
This order addresses SEBI's finding that Dr. Rashmi Saluja, former Executive Chairperson of Religare Enterprises Ltd., engaged in insider trading by selling shares based on unpublished price-sensitive information about an impending open offer by the Burman Group.
Who it concerns
Dr. Rashmi Saluja
What was found or directed
- Dr. Rashmi Saluja was an insider due to her position as Executive Chairperson of Religare Enterprises Ltd.
- She sold shares of Religare Enterprises Ltd. before the open offer announcement on September 25, 2023.
- She avoided a loss of INR 1.99 crore by selling shares prior to the public announcement of the open offer.
- SEBI ordered disgorgement of the avoided loss of INR 1.99 crore.
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/KV/IVD-1/ID16/32405/2026-27 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-05-13
ORDER_1778662027.pdf
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