Sun Pharma Shares Under freefall: Co announces Investor Update Call on December 03, 2018; 6.30 pm
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Mumbai: Share price of Sun Pharmaceutical, the largest pharma company in the country, have been witnessing a free fall since morning, as a result of market regulator SEBI's announcement that it is likely to reopen an insider trading case against Sun Pharmaceutical
Shares of India’s Sun Pharmaceutical Industries sank more than 10 percent to six month low.
The SEBI will also probe alleged lapses by some of Sun’s promoters in raising funds overseas
A whistleblower approached the SEBI with a document alleging various irregularities by the Mumbai-headquartered company, its promoter Dilip Shanghvi and others
Sun Pharma, its managing director and nine other entities had settled an insider trading probe last year after paying a settlement amount but the SEBI had not disclosed any details of the case at the time, a PTI report added.
Reacting to the free fall, Sun Pharmaceutical Industries Ltd. announced that will hold an Investor Update call on December 03, 2018. Investor update call has been scheduled for 06.30 pm IST, December 03, 2018.
Shares of India’s Sun Pharmaceutical Industries sank more than 10 percent to six month low.
The SEBI will also probe alleged lapses by some of Sun’s promoters in raising funds overseas
A whistleblower approached the SEBI with a document alleging various irregularities by the Mumbai-headquartered company, its promoter Dilip Shanghvi and others
Sun Pharma, its managing director and nine other entities had settled an insider trading probe last year after paying a settlement amount but the SEBI had not disclosed any details of the case at the time, a PTI report added.
Reacting to the free fall, Sun Pharmaceutical Industries Ltd. announced that will hold an Investor Update call on December 03, 2018. Investor update call has been scheduled for 06.30 pm IST, December 03, 2018.
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