![]() ![]() "Further, I note that the company (Emami Ltd) has also confirmed that no valuation of AHL was done neither any entity engaged for the purpose of valuation/ acquisition of AHL," the Securities and Exchange Board of India (Sebi) said. Sebi said that Emami as well as Agarwal have confirmed that the board of directors of the firm did not make any plan of acquiring AHL before the publication of the statement or after publication of the statement in the media. In an order, the regulator said that the desire expressed by the chairman of a listed company (Emami) to buy AHL, without first discussing the same in its board is a reckless statement, which impacted the trading as well as the price of the scrip of AHL. ![]() Markets regulator Sebi imposed a penalty of Rs 8 lakh on Emami chairman R S Agarwal in a matter related to Amrutanjan Healthcare Ltd (AHL). ![]()
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