Sebi bans Par Drugs Chemicals from slump sale to promoter-linked entity
Published on: Sept. 15, 2025, 10:15 p.m. | Source: The Economic Times
SEBI has halted Par Drugs and Chemicals' proposed slump sale of its core business to Phal-Jig Fine Chemicals, a promoter-related entity, citing irregularities in valuation and shareholder communication. The regulator has ordered an independent re-evaluation of the business and a fairness opinion.
