 "Branded basmati sales to touch 2.9 mt")
Shares of basmati rice exporter, KRBL hit a lower circuit limit of 20 per cent to Rs 253 apiece on the National Stock Exchange (NSE), also its 52-week low on Friday, on report that the Enforcement Directorate (ED) Thursday attached assets worth Rs 15 crore of the company in connection with 2008 Embraer deal case. KRBL is the manufacturer of India Gate Basmati Rice.
The case pertains to payment of alleged commission by Embraer to clinch the $ 208 million deal with India, in which it is suspected that kickbacks were paid, the news agency PTI reported.
The
The case pertains to payment of alleged commission by Embraer to clinch the $ 208 million deal with India, in which it is suspected that kickbacks were paid, the news agency PTI reported.
The
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