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The latest update is out from Unichem Laboratories Limited ( (IN:UNICHEMLAB) ).
Unichem Laboratories Limited has received a Demand Notice from the National Pharmaceutical Pricing Authority (NPPA) regarding alleged overcharging for three drugs between July 2013 and November 2018. The NPPA has imposed a total penalty of ₹1,77,09,079 under the Drug Price Control Order 2013. Despite these allegations, Unichem Laboratories, which sold its domestic formulation business in December 2017, has assessed that there will be no material impact on its financials, operations, or other activities. The company is currently evaluating legal options to address the demand notices.
More about Unichem Laboratories Limited
Average Trading Volume: 3,818
Technical Sentiment Signal: Hold
Current Market Cap: 34.02B INR
For detailed information about UNICHEMLAB stock, go to TipRanks’ Stock Analysis page.