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Assume HDFC Bank Ltd, ( known for their good governance practices) decides to come out with an open offer for Religare Enterprises Ltd. How do

Assume HDFC Bank Ltd, ( known for their good governance practices) decides to come out with an open offer for Religare Enterprises Ltd. How do you think the Board of Religare would react, given the composition of the board committees? Should the institutional shareholders support this move? Should SEBI, the regulator, allow it? Explain

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