The media reports state that both these companies are aiming to comply with the Indian security laws which require at least 25 per cent of the shareholding to be with the non-founders within three years of listing
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The Burman family and Jubilant groups' promoters have, separately, bid to acquire a 40 per cent stake in the company for the amount in the range of Rs 10,800 to Rs 12,000 crore, as per the media reports
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