May 30, 2023

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Kalyani Group cos complain to Sebi over Hikal stake

1 min read

Kalyani Group entities claimed they had submitted applications with the compliance officer of Hikal for increasing their shareholding as per the Sebi laws. They alleged these applications were allegedly not given the go-ahead by the compliance officer based on “fabricated justification at the behest of the Hiremath family”. The Audit Committee too did not approve even after the Kalyani Group entities raised the issue, they alleged.

2023-04-10 20:48:08

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