EU Court upholds Rs 126 cr fine imposed on Ipca Labs' unit; stock jumps 4%

Quick Summary:

Despite ongoing litigation, the company has made provisions amounting to Rs 125.62 crore in its financial records.

Ipca has manufacturing facilities that comply with international regulatory standards such as US FDA, UK MHRA, WHO-GMP, and TGA Australia.

The company has a major international presence with operations in over 110 countries, exporting products to the United States, Europe, Australia, and other markets.

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Article Details

Category: BusinessFinance

Markets: IndiaAustraliaUnited States

Topics: Sensex Ipca Labs NSE Nifty50 Buzzing Stock Ipca Labs share price 0 BSE Buzzing Stocks Nifty Ipca Labs shares Ipca Labs stock today

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 12:11:54 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 384 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21408124

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