INFO:

Aurobindo Pharma scion P Sarath Chandra Reddy arrested by Enforcement Directorate. He made a suspect in the politically explosive Delhi liquor scam. The Stock plunged nearly 12 percent on the news. The company said it is ascertaining details and will make disclosures as appropriate. Sarath was arrested by the probe agency allegedly in connection with the Delhi liquor excise policy scam. Sarath Chandra Reddy is part of the promoter group and is on the board of over 10 subsidiaries of Aurobindo Pharma.