Religare Enterprises reviews governance, seeks Burman family funding

Religare Enterprises is reviewing its governance and seeking funding from the Burman family, who gained control of the company last month. The review aims to identify misconduct and improve operations. The Burman family acquired Religare after a lengthy takeover battle. The company is facing a cash-flow gap and needs immediate financial support to maintain operations. Previously, Religare's former chairperson, Rashmi Saluja, attempted to block the Burmans from increasing their stake. She was removed from the board in February.