NIFTY  8,907.85  0.32%
  SENSEX  28,761.60  0.35%
 CURRENCY  Rs  66.93/$ 70.86/€, 83.36/£
  GOLD  29,292.00  -0.04%
  SILVER  42,835.00  -0.15%
  DAX  11,967.50  1.18%
  FTSE  7,274.83  -0.34%
  CAC  4,888.76  0.41%
  HANG SENG  23,963.60  -0.76%
  NIKKEI  19,381.40  0.68%
  Shanghai Composite  3,253.33  0.23%
  DOW JONES  20,624.10  0.02%
  NASDAQ  5,838.58  0.41%
  S&P 500  2,351.16  0.17%
GOVT OFFICIAL - Govt To Sell 5% Stake In Bharat Electronics On Feb 22 GOVT OFFICIAL - Govt Aims To Raise About Rs 1,600 Cr From BEL Divestment

SEBI Suspects Internal Funding During Gitanjali Gem's IPO Period

Video:

Play this video

A 60% fall in Gitanjali Gems’ stock price in the last 10 days has not escaped the attention of market regulator SEBI. Bloomberg TV India learns that SEBI’s surveillance department has taken up the matter and sought reports from exchanges on the stock's sharp price movement. The markets regulator's probe has revealed that there might have been a case of internal funding of as much as Rs.75-100 crore during Gitanjali’s IPO period.