Sell ex-Ranbaxy promoter's shares to pay Daiichi: Delhi HC
The Delhi High Court has ordered the sale of ex-Ranbaxy promoter Shivinder Singh's unencumbered shares to repay â¹3,500 crore arbitration award in favour of Japanese drugmaker Daiichi Sankyo. It didn't order the sale of shares held by ex-Ranbaxy co-promoter, Malvinder Singh. A Singapore arbitration court imposed the fine on them for allegedly misrepresenting facts when they sold Ranbaxy to Daiichi.