 "stock-fall")
Gitanjali Gems is locked in lower circuit of 5% at Rs 9.65, and has slipped below its face value of Rs 10 on the BSE. The stock is trading at fresh record low, down for the 26th straight sessions. It has lost as much as 85% from Rs 62.85, since February 14, the day the Punjab National Bank (PNB) fraud came to light.
PNB said last month it had been defrauded of about $2 billion. The bank accused diamantaire Nirav Modi and his uncle and business partner, Mehul Choksi, promoter of listed Gitanjali Gems, and maker of waxes, oils
PNB said last month it had been defrauded of about $2 billion. The bank accused diamantaire Nirav Modi and his uncle and business partner, Mehul Choksi, promoter of listed Gitanjali Gems, and maker of waxes, oils
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