Gitanjali Gems falls 5 pc to hit 52-week low
Shares of Gitanjali Gems cracked another 5 per cent in morning trade on the bourses today after the CBI made four arrests in connection with the alleged Rs 12,636-crore fraud at Punjab National Bank (PNB) perpetrated by billionaire jewellers Nirav Modi and his uncle Mehul Choksi. The agency has also arrested two employees and an auditor of the Nirav Modi group of companies, while a director of the Gitanjali group of companies (owned by Choksi) has also been taken into custody. Reacting to the development, shares of Gitanjali Gems slumped…
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