Ranbaxy Labs Denies Violating Law

Mumbai, July 30: | Updated: Jul 31 2002, 05:30am hrs
Ranbaxy Laboratories said on Tuesday it had not violated the Companies Act, responding to concerns raised in a newspaper story which caused its share price to fall as much as 3.4 per cent. The Economic Times reported that the Department of Company Affairs (DCA) was probing a number of allegations, including that the company bought its own shares through a subsidiary.