Wow, it really pays to be an Indian guru with the right connections. Check out, 'SEBI nod for Radha Soami Satsang Beas.' (SEBI is the Securities and Exchange Board of India.) The capital market regulator has granted exemption to Logos Holding Company from making an open offer to the shareholders of Religare Enterprises for its acquisition of 19.53% stake in the company. Logos Holding is an investment arm of the Gurinder Singh Dhillon family. Gurinder Singh is the current head of one of India's largest religious sect – Radha Soami Satsang Beas. At Thursday's closing price of Rs 460.95, the value of Logos Holding's stake is about Rs 1,163 crore. The Dhillons had acquired the shares at just over Rs 13 crore in 2006.