SEBI prohibits Morepen Laboratories from dealing in securities for one year period

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Capital Market
Last Updated : Sep 25 2019 | 9:31 AM IST
Morepen Laboratories announced that the SEBI vide order dated 24 September 2019, in the matter of issuance of Global Depository Receipts by the company, has directed inter-alia, prohibition on securities market's access and restraining from buying, selling or otherwise dealing in the securities, either directly or indirectly or in any other manner whatsoever, for a period of one year, to the Company.

In this regard, the Company is seeking advice for pursuing suitable remedies including filing of appeal before the appropriate forum.

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First Published: Sep 25 2019 | 9:06 AM IST

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