Brief: Godfrey Phillips India Says Is In Complete Compliance With Indian FDI Laws

Godfrey Phillips India

11/03/2019 09:41

March 11 (Reuters) - Godfrey Phillips India Ltd  GDFR.NS :
    * SUGGESTION OF ALLEGED VIOLATION OF THE FDI LAWS OF INDIA
IS
COMPLETELY MISCONCEIVED AND MISPLACED
    * GODFREY PHILLIPS INDIA SAYS CO ENTERED INTO A COMMERCIAL
ARRANGEMENT WITH IPM WHOLESALE TRADING (AFFILIATE OF PHILIP
MORRIS INTERNATIONAL USA)
    * GODFREY PHILLIPS INDIA SAYS ALL BUSINESS TRANSACTIONS
ENTERED,
EXECUTED BETWEEN PARTIES SINCE 2009 ARE GOVERNED BY COMMERCIAL
ARRANGEMENT
    * COMMERCIAL ARRANGEMENT REFERRED TO ABOVE IS IN COMPLETE
COMPLIANCE WITH THE EXTANT REGULATIONS GOVERNING THE FDI LAWS IN
INDIA
    * GODFREY PHILLIPS INDIA SAYS ALL THE BUSINESS TRANSACTIONS
MENTIONED ARE EXECUTED IN INDIAN RUPEES

Source text: http://bit.ly/2HddMgY
Further company coverage:  GDFR.NS 

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