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May 23, 2015
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Murugappa group chairman steps down following Sebi’s insider trading allegation
A Vellayan, chairman of the Chennai-based Murugappa group, who was charged with insider trading by market regulator Securities and Exchange Board of India (Sebi), has stepped down from chairmanship of the group and its subisidiaries.“In keeping with family values and tradition, he has stepped aside from the chairmanship of the Murugappa Group Corporate Board and of Coromandel International and EID Parry India until this matter is resolved,” Murugappa group said in a statement.
Source -
http://www.financialexpress.com
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