Wockhardt denies allegations of rent payment by Carol Info, its connection with SEBI orders

It said the company has acted and continues to act in compliance with all applicable laws.

Wockhardt denies allegations of rent payment by Carol Info, its connection with SEBI orders
Mumbai-based Wockhardt was being investigated by SEBI for various cases.

Drug firm Wockhardt has denied allegations regarding payment of rent by Carol Info Services and its connection with certain orders passed by SEBI in relation to the company.

"In this regard, we categorically deny these allegations and state that these allegations are completely baseless and misleading," Wockhardt said in a regulatory filing late Friday.

It said the company has acted and continues to act in compliance with all applicable laws.

On Friday, the Congress' media and publicity department head, Pawan Khera said that between 2018 and 2024, Madhabi Buch - as a whole-time member and later chairperson of Securities and Exchange Board of India (SEBI) - had been receiving rental income amounting to Rs 2.16 crore from Carol Info Services, a company affiliated to Wockhardt.

Mumbai-based Wockhardt was being investigated by SEBI for various cases, including that of insider trading during 2023, he said at a press conference at the AICC headquarters in Delhi.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-for-sip-retirement-corpus-planning-calculator-in-how-years-investor-can-reach-inr-rs-100000000-corpus-through-10000-15000-20000-monthly-investment-mutual-fund-334526

Power of Compounding: How many years it will take to reach Rs 10 crore corpus through Rs 10,000, Rs 15,000, and Rs 20,000 monthly SIP investments?

https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-how-long-it-will-take-to-build-rs-5-crore-corpus-target-with-inr-5000-10000-and-15000-monthly-investment-retirement-planning-with-sip-calculator-market-linked-return-334417

Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?

https://www.zeebiz.com/personal-finance/photo-gallery-latest-fd-interest-rates-for-senior-citizens-what-major-banks-like-sbi-pnb-canara-bank-hdfc-bob-icici-provide-currently-on-fixed-deposit-calculator-334514

Highest Senior Citizen FD rates: See what major banks like SBI, PNB, Canara Bank, HDFC Bank, BoB and ICICI Bank are providing on special fixed deposits

https://www.zeebiz.com/personal-finance/photo-gallery-top-7-sbi-sip-mutual-funds-with-highest-best-xirr-returns-in-15-years-calculator-inr-rs-12222-monthly-investment-in-no-1-scheme-is-worth-15431754-bse-nifty-small-mid-large-elss-contra-cap-elss-334487

Top 7 SBI Mutual Funds With Highest SIP Returns in 15 Years: No. 1 scheme has turned Rs 12,222 monthly SIP investment into Rs 1,54,31,754; know about others too

https://www.zeebiz.com/personal-finance/news-top-5-sip-mistakes-to-avoid-2025-investing-tips-systematic-investment-plan-334447

Top 5 SIP mistakes one must avoid while investing in 2025

Written By: PTI
Updated: Sat, Sep 07, 2024
12:03 PM IST
New Delhi, PTI
RELATED NEWS
Wockhardt announces QIP launch at discounted floor price to raise Rs 1,000 crore Wockhardt announces QIP launch at discounted floor price to raise Rs 1,000 crore
Multibagger smallcap stock continues its uptrend; zooms 41% in 5 days Multibagger smallcap stock continues its uptrend; zooms 41% in 5 days
Wockhardt aims to launch antibiotic with USD 25 billion market potential by early FY26 Wockhardt aims to launch antibiotic with USD 25 billion market potential by early FY26
Wockhardt shares locked in 5% upper circuit after its Rs 480 crore QIP issue Wockhardt shares locked in 5% upper circuit after its Rs 480 crore QIP issue

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x