By indulging in the arrangement/scheme, it was alleged that UPL, assisted by Jaidev Rajnikant Shroff, made wrongful gains of about Rs 4.2 crore computed on a notional basis, it added.

UPL chief Jaidev Shroff issued a clarification, saying “the report is completely malicious.” The UPL share price plunged by over 13% on Thursday, December 10, after a whistleblower alleged ...

Jaidev Rajnikant Shroff, Axia Select Opportunities Fund, Mithun Padam Sacheti and Siddhartha Sacheti, and MNI Ventures invested in the company via preferential allotment, according to DRHP.