Shares of Aksh Optifibre were down nearly 5% at Rs 18 after the company said that Hon'ble High Court of Rajasthan has admitted a winding up petition against the Company, being Corporate Guarantor, for the alleged / disputed liability of its subsidiary.
The Company in consultation with its legal counsels would take appropriate legal recourse to challenge the said order, the release added.
The stock opened at Rs 18.40 and touched a low of Rs 17.35. At 12:35pm, over 4 million shares were traded on both the stock exchanges.
