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IVP Limited Probes Employee Fraud Involving Falsified Customer Documents

Story Highlights
  • IVP Limited reported a sales employee falsified and misrepresented customer documents.
  • The company is investigating the fraud’s duration and impact and will file a complaint.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
IVP Limited Probes Employee Fraud Involving Falsified Customer Documents

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IVP Ltd ( (IN:IVP) ) just unveiled an update.

IVP Limited has disclosed to stock exchanges that a sales employee has been found, in a preliminary investigation, to have engaged in misrepresentation and falsification of customer documents over a period of time. The company has not yet determined the financial impact or the exact duration of the misconduct, stating that these will be identified upon completion of an ongoing investigation, and it is in the process of filing a complaint against the individual employee with the appropriate authorities, while committing to update the market with any material developments.

More about IVP Ltd

IVP Limited is an India-based listed company headquartered in Mumbai and operates in the industrial and manufacturing space, serving customers through a sales network that handles customer documentation and records as part of its operations.

Average Trading Volume: 571

Technical Sentiment Signal: Hold

Current Market Cap: 1.51B INR

For a thorough assessment of IVP stock, go to TipRanks’ Stock Analysis page.

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