Responding to the allegations, SEBI had sought a reply from InterGlobe by July 19.
The issues brewing for nearly a year, Gangwal has sought markets regulator Sebi’s intervention to address the problems.
After Gangwal wrote to the board seeking an extraordinary general meeting, Bhatia, on June 12, opposed the proposal.
The total promoter stake in Emami Limited subsequent to the stake sale, stands at a controlling majority of 52.74 pc.
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