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LIC Shares Fall 1% After SEBI's Crackdown On Rajesh Exports' Revenue Mismatch: Here's The Link
SEBI's investigation, triggered by a shareholder complaint and supported by a forensic audit, questioned revenues underpinning almost the entirety of Rajesh Exports' consolidated sales between FY21 and FY25.
Rajesh Exports shares fall 5% after SEBI order; LIC has nearly 11% stake, as does retail
Shares of Rajesh Exports had surged to an all-time high of ₹1,029 back in 2023. The stock has declined 90% from those levels as of Thursday's trading sessions.
Rajesh Exports share price falls 5% after SEBI flags ₹15 lakh crore misstatement in accounts
The SEBI has accused Rajesh Exports of misrepresenting nearly all of its revenue over a five-year period, raising doubts on the reliability of the jewellery manufacturer's financial disclosures.
Stocks in news: Rajesh Exports, Lenskart, Suzlon Energy, Aurobindo Pharma, Tata Motors
Indian markets saw volatility and closed lower on Wednesday. Key companies are in focus due to significant developments. SoftBank reduced its stake in Lenskart. Sebi issued an interim order against Rajesh Exports. Tata Motors revised its Avinya EV strategy. Suzlon Energy is diversifying into battery storage. RIL's subsidiary signed MoUs with the Haryana Government.