New Delhi, March 17 -- Religare Enterprises Ltd (REL) has appointed Grant Thornton and Trilegal to conduct a 'governance review' and 'identify potential instances of misconduct' including by ex-employees of REL and two of its subsidiaries, the company told the exchanges.

This comes more than a month after the Burman Group finally took over REL on 7 February, after an 18-month protracted battle with the former management led by Dr Rashmi Saluja. On 26 February, the REL board appointed four new directors-Abhay Kumar Agarwal, Arjun Lamba, Gurumurthy Ramanathan and Suresh Mahalingam-as non-executive and non-independent directors.

A person with knowledge of the development said this was akin to a forensic audit of the company's finances over...