GR Infra plunges 10% on report of CBI conducting raids at company's offices

A team of Central Bureau of Investigation conducted a The raids were conducted in connection with alleged irregularities in a national road highway project in Assam, as per the reports.

Shares of GR Infraprojects plunged 10 per cent to hit an all-time low of Rs 1,230 on the BSE in Monday’s intra-day trade after reports said that the Central Bureau of Investigation (CBI) conducted searches at several locations of the company in Shillong, Guwahati, Gurgaon, and Bangalore.

The raids were conducted in connection with alleged irregularities in a national road highway project in Assam, as per the reports.

The stock of the civil construction company has fallen below its previous low of Rs 1,249.70 touched on March 7, 2022. In comparison, at 03:11 pm, the S&P BSE Sensex