New Delhi, March 30 -- The Burman family has increased its stake in financial services major Religare Enterprises Limited (REL) to nearly 30.3% in recent weeks, according to various exchange filings by the acquiring entities.

This acquisition comes ahead of the demerger of Care Health Insurance. As per the filings, entities controlled by the Burman family, along with persons acting in concert, acquired an additional 1.3 crore shares, taking their overall stake to 30.3%.

The acquisition was carried out through multiple open market transactions in March. The Burman family also holds certain warrants, which, once converted next year, will increase their stake in REL to around 34% by FY27.

Earlier in February, the boards of REL and Religar...