The Enforcement Directorate (ED) is poised to investigate Gensol Engineering Ltd's promoters for alleged fund diversion and financial misconduct, following a SEBI report detailing violations and misuse of loan funds. The ED has also frozen additional shares linked to the Mahadev betting app scam, tracing them to a Dubai-based hawala operator.
India-Business News: The Enforcement Directorate is set to interrogate Gensol Engineering's promoters, Anmol and Puneet Singh Jaggi, amidst a probe into the Mahadev Book a
Shares of Quess Corp surged over 7 per cent during the trading session on Wednesday after the company announced to fix the record date for its demerger, which is set to create three listed entities.
Jai Corp Ltd, which lost 69 per cent of its market value till Thursday, fell another 4 per cent on Friday. Vakrangee, Best Agrolife, Zen Technologies and Quick Heal Technologies plunged 51-68 per cent during the same period.
Stocks including LIC, Bharat Electronics, Vedanta, Glenmark Pharma, Cipla, FirstCry, NHPC, VA Tech Wabag and more will be in the spotlight on Monday, February 10.
Suraj Estate Developers Ltd. has acquired a 1,464-square-metre land parcel in Mahim, Mumbai, for Rs 101 crore. The real estate firm plans to develop a commercial building with an estimated gross development value of Rs 525 crore.