Hindustan Unilever imposes Rs 9 lakh fine on Independent Director for 'inadvertent trade' in its shares

In a regulatory filing, Hindustan Unilever Ltd (HUL) said it "noticed the occurrence of an inadvertent trade by one of our Designated Persons". "The portfolio management services of Nita Goyal, spouse of Dr Ashish Gupta, an Independent Director of the company, has traded in the shares of the company on behalf of Ms Goyal without her prior approval/intimation," the company said.

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