Religare row: Kedaara backs decision on ESOPs issued to Rashmi Saluja

Kedaara Capital, the largest shareholder of Care Health Insurance, backed the decision made by the board to issue ESOPs (Employee Stock Ownership Plans) to Religare Enterprises Ltd (REL) chairperson Rashmi Saluja. The clarification comes amid allegations by the Dabur family, which is trying to obtain a controlling stake in Religare Enterprises Ltd (REL), that Saluja allegedly violated IRDAI and Sebi norms. REL is the promoter of Care Health Insurance and Saluja is chairperson of the insurer as well.