Aurobindo Pharma plunges over 14% after ED arrests company director
“The company learnt that P Sarath Chandra Reddy, whole-time director/ promoter group of the company, has been arrested by the Enforcement Directorate. The company is in the process of ascertaining further details and will do further disclosures as appropriate,” Aurobindo Pharma said in a stock exchange filing on Thursday.
