'You can't undervalue you're own company': Religare's Rashmi Saluja questions ED & SEBI on ‘baseless allegations.

Dr. Rashmi Saluja, the Executive Chairperson of Religare Enterprises, is currently facing a fierce takeover battle and is under investigation by SEBI for alleged violations of Insider Trading regulations. Despite these challenges, she remains composed and determined to tell her side of the story. According to Saluja, the Burman Group, with whom she is in a high-pitched takeover battle, has undervalued the company in their proposed open offer.

She refutes the allegations against her, including SEBI's order regarding the acquisition of shares and control by the Burman family and the Enforcement Directorate's proceedings for violating the Prevention of Money Laundering Rules. Additionally, she disputes SEBI's insider trading allegations, emphasizing the thorough process and approvals required for such transactions.

Saluja also addresses the delay in conducting the Annual General Meeting and corporate governance lapses, asserting that proper processes were followed and expressing confidence in prevailing truth. She believes she is being targeted due to her past positive relationship with the Burman family, who are now involved in the takeover battle.

In conclusion, Saluja questions the fairness of the situation and highlights the company's growth under her leadership, aiming to convey her perspective amidst the ongoing challenges.