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Divi's Labs CFO seeks legal help on SEBI's impounding order
Divi's Labs CFO seeks legal help on SEBI's impounding order
Experts says Divi's Laboratories may need to attend to the SEBI order quickly as it puts the spotlight on corporate governance, an area where the company may not want to show any slippages
E Kumar Sharma | July 3, 2020 | Updated 00:46 IST
Hyderabad-based Divi's Laboratories informed the Bombay Stock Exchange on Thursday that the Securities and Exchange Board of India (SEBI) "has passed an Impounding Order cum Show Cause notice against L Kishore Babu, Chief Financial Officer of the Company and others, for alleged charges of Insider Trading in the securities of the Company during July, 2017." The company also informed that "Kishore Babu has informed that he is seeking legal advice and will respond to the Order."
Divi's Labs CFO seeks legal help on SEBI's impounding order
Experts says Divi's Laboratories may need to attend to the SEBI order quickly as it puts the spotlight on corporate governance, an area where the company may not want to show any slippages
E Kumar Sharma | July 3, 2020 | Updated 00:46 IST
Hyderabad-based Divi's Laboratories informed the Bombay Stock Exchange on Thursday that the Securities and Exchange Board of India (SEBI) "has passed an Impounding Order cum Show Cause notice against L Kishore Babu, Chief Financial Officer of the Company and others, for alleged charges of Insider Trading in the securities of the Company during July, 2017." The company also informed that "Kishore Babu has informed that he is seeking legal advice and will respond to the Order."