Sebi returns Digvijay Gaekwad's letter seeking permission for competing offer for Religare Enterprises

Sebi has returned a letter from US-based investors Digvijay Laxmansinh Gaekwad and Danny Gaekwad Developments & Investments seeking to submit a competing open offer for Religare Enterprises as it didn't conform to regulations. Meanwhile, the Burman family's open offer to acquire an additional 26% stake in REL has received regulatory approvals.