settled years long whistle-blower cases, seeking to draw a line over allegations that set off a wide-ranging corporate governance crisis. Shanghvi himself will pay ₹62 lakh. The settlement brings to a close a case brought to the regulator by two complaints against the Mumbai-based firm. The allegations triggered multiple stock slides, forensic audits and forced Sun to tweak some of its business contracts to contain the fallout. The company’s shares climbed 2.6% at the close in Mumbai before the statements were released.

Source: Mint February 11, 2021 12:45 UTC