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Sun Pharma Officials Including Dilip Shanghvi Settle Case Of Alleged Market Norms Violation With SEBI

BW Businessworld Sun Pharma, Officials Including Dilip Shanghvi Settle Case Of Alleged Market Norms Violation With SEBI Sebi had received two whistleblower complaints, wherein allegations were made against Sun Pharmaceutical Industries Ltd (SPIL) and its wholly-owned subsidiary Sun Pharmaceutical Laboratories Ltd (SPLL), alleging that the firms had been diverting funds through its sole distributor in India, Aditya Medisales Ltd. Photo Credit : Sun Pharmaceutical Industries Ltd and its senior officials, including Managing Director Dilip Shanghvi, on Thursday settled with regulator Sebi a case pertaining to alleged violation of listing obligation and disclosure requirements norms. According to separate settlement orders, Sun Pharmaceutical paid over Rs 56.11 lakh towards settlement charges and Shanghvi paid Rs 62.35 lakh.

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Stocks in the news: ITC, Bharat Forge, Sun Pharma, ACC and Motherson Sumi

Stocks in the news: ITC, Bharat Forge, Sun Pharma, ACC and Motherson Sumi SECTIONS Last Updated: Feb 12, 2021, 08:09 AM IST Share Reuters Nifty futures on the Singapore Exchange traded 13.00 points, or -0.09 per cent, lower at 15,177.50. INSIGHTS NSE Explore Now Nifty futures on the Singapore Exchange traded 13.00 points, or -0.09 per cent, lower at 15,177.50 in signs that Dalal Street was headed for a muted start on Friday. Here are a few stocks which may buzz the most in today s trade: Q3 earnings: Motherson Sumi, Bharat Forge, Glenmark Pharmaceuticals, Hindustan Aeronautics, Indiabulls Housing Finance, GMR Infrastructure, Godrej Industries and Grasim are among the companies that will report their financial results for the October-December period on Friday.

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Sun Pharmaceutical Industries Ltd settles whistleblower complaint with Sebi

Sun Pharmaceutical Industries Ltd and its founder Dilip Shanghvi have settled a whistleblower complaint with the Securities and Exchange Board of India (Sebi) alleging diversion of funds through the company’s sole distributor. Sun Pharma has paid a settlement amount of Rs 56.1 lakh, Shanghvi has paid Rs 62.35 lakh. Other top executives of the company that included chief financial officer- Uday Baldota (Rs 24.65 lakh), whole time directors Kalyanasundaram Subramanian (Rs 36.9 lakh), Sailesh T. Desai (Rs 37.41 lakh) and Sudhir V. Valia (Rs 37.41 lakh) have also settled the case without admission or denial of guilt before the capital market regulator. Whistleblower complaints were made against the country’s largest drug maker and its wholly owned subsidiary, Sun Pharmaceutical Laboratories Ltd, alleging that they had been diverting funds through Aditya Medisales Ltd (AML), its sole distributor in India. It was also alleged that transactions with AML were going on for several ye

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Outlook on the Hydroxychloroquine Drugs Global Market to 2030 - Players Include Sanofi, Amneal Pharmaceuticals & Mylan Among Others

Share this article Share this article ResearchAndMarkets.com s offering. This report on the global hydroxychloroquine drugs market studies the past as well as the current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2020 to 2030. The report provides the revenue of the global hydroxychloroquine drugs market for the period 2018-2030, considering 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global hydroxychloroquine drugs market from 2020 to 2030. The report has been prepared after extensive research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players product literature, annual reports, press releases, and relevant documents to understand the global hydroxychloroquine

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Active Pharmaceutical Ingredients (API) Market Size, Share, Growth, Analysis, Trend, and Forecast Research Report by 2027

Active Pharmaceutical Ingredients (API) Market Size, Share, Growth, Analysis, Trend, and Forecast Research Report by 2027
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