RegulatoryEconomic Times
Page Industries shares tank 12% on FEMA violation
Negative-99
GreyOak summary
Page Industries disclosed an inadvertent violation of Foreign Exchange Management Act retail trading provisions regarding imported Jockey and Speedo products. The company has applied for post-facto government approval and expects RBI compounding with no material financial impact.
What it affects
- Page IndustriesPAGEINDNegative -99
Shares fell 12% after FEMA violation disclosure.Rolling sentiment Negative -76
Source
Read the original at Economic TimesMore Page Industries news
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