SEBI alleges Rajesh Exports misrepresented ₹15.15 lakh crore; company says ‘communication gap’ led to action
Rajesh Exports on Thursday claimed that the revenues declared by the company are "correct" and "there is no over-stating of revenues."
Rajesh Exports on Thursday claimed that the revenues declared by the company are "correct" and "there is no over-stating of revenues."
The capital markets regulator has even barred its promoter and CEO Rajesh Mehta from dealing in the company's securities.
During the morning session, the banking stock came down by 2.27 per cent to ₹761.25 apiece on the BSE. At 2:30 p.m., the stock was trading at ₹759.25, marking a decline of 2.52 per cent on the exchange.
Taiwan’s market capitalisation climbed to $4.95 trillion, while India’s market value declined to $4.92 trillion.
At the close, the Sensex was up 208.17 points, or 0.25 per cent, at 84,273.92, and the Nifty was up 67.85 points, or 0.26 per cent, at 25,935.15.
