Shares of technology company Vakrangee today hit the upper circuit limit after SEBI investigation. The stock rose as much as 4.9 per cent to Rs 30.7, its highest in a month.
The company had said on Wednesday that there were no findings of any stock manipulation by romoter entities after an investigation by the Securities and Exchange Board of India.
Investigation noted that there was a delay in intimation of hike in shareholding by NJD Capital, Vakrangee Holdings Pvt Ltd, Dinesh Nandwana and Dinesh Nandwana. The Economic Offences Wing had last week given the company a clean chit after a complaint was filed against it and CEO.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.