The Exchange has sought clarification from Aurobindo Pharma Limited with respect to recent news item captioned Aurobindo Pharma's P Sarath Chandra Reddy acquitted in Delhi Liquor Scam case.. The response from the Company is awaited.
AUROPHARMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The NSE has asked Aurobindo Pharma to clarify a recent news report stating that P Sarath Chandra Reddy (a Director/Promoter) has been acquitted in the Delhi Liquor Scam case. The company has not yet responded, and its reply is awaited. The underlying news item is about a court acquittal, not a conviction or fresh charge. The exchange's query appears to be a routine confirmation step after a media report involving a key company person.
Neutral to mildly positive — acquittal removes a legal overhang around a key person associated with the company, but the stock may see only limited reaction until the company issues its formal response to the exchange.