Meanwhile, the capital market regulator has sent a notice to United Spirits Ltd (USL) seeking an explanation for not informing its Indian shareholders about the $75 million deal that led to the exit of its chairman Mallya.

The Securities and Exchange Board of India (Sebi) is examining suspected violations of corporate governance and insider trading norms and possible price manipulation ahead of the deal, Mint reported on Saturday citing two persons familiar with the development.

 

Source:

http://www.livemint.com/Politics/ldZUstDr0XFfc2Xxy74eGI/ED-questions-2-key-UB-Group-officials-over-Vijay-Mallyas-mo.html

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