Samir Modi bought 250 equity shares violating Sebi rules: Godfrey Phillips

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The story "Samir Modi bought 250 equity shares violating Sebi rules: Godfrey Phillips" was covered 18 hours ago by Business Standard, a news publisher based in India.

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Samir Modi bought 250 equity shares violating Sebi rules: Godfrey Phillips - Business Standard

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In his place, the company appointed Charu Modi, daughter of Bina Modi and sister to Samir and Lalit Modi. In an interview with Business Standard last year, Bina Modi had said K K Modi’s legacy is “not for sale”.

Cigarette maker Godfrey Phillips India (GPI) Limited has informed the Bombay Stock Exchange and the National Stock Exchange of India Limited about the purchase of 250 equity shares by Samir Modi, the son of chairperson and managing director of GPI, Bina Modi.