Sebi pulls up Prabhat Dairy for non-cooperation with auditor; asks it to deposit Rs 1,292 cr
MUMBAI: The Securities and Exchange Board of India (Sebi) has asked Prabhat Dairy to deposit Rs 1,292 crore into an interest bearing escrow account until a dispute is resolved about paying shareholders the proceeds from the sale of an operating unit. Last year in January, Prabhat Diary had sold its subsidiary, Sunfresh Agro, to Tirumala … Read more