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

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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