March 06, 2019 08:28 AM IST | Business
Sebi asks Sun Pharma to explain alleged fund diversion of Rs 42,000 crore, says report
The market regulator, in two separate notes dated January 28 and February 18, sought an explanation from Sun Pharma to AML’s detailed operations, along with the companies association with Sun, the report said.
Sun Pharma was also asked to explain the rationale, terms and conditions of the advances given to AML as a promoter stakeholder of the pharma company, the report added.
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