Unichem Labs Slides After EU Fine Notice

  Published 6 months ago

Unichem Labs slides 2.7% to ₹493.05 after EU fine notice and pending payments in India.

  • European Commission demands 19.5 million‑euro penalty; subsidiary already paid 2.8 million euros in installments to date.
  • The remaining unpaid amount stands at 16.7 million euros, adding financial pressure on Unichem for its operations.
  • Trading volume exceeded three times the 30‑day average, snapping a three‑session gain streak as investors reacted to news.

You might like these

Jefferies Bets on Consumer Comeback

Newgen Wins Major Digital Transformation Contract

₹15,096 Cr Boost for Farmers

Adani-BYD in Talks for Battery Venture

AXISCADES Secures Rs 152 Cr DRDO Deal

Air India's Crisis: Tata's Struggles Post-Takeover

KRBL Q1 Profit Jumps 77%

News that matters the most ⚡