Notices have also been issued to Saurabh Mukherjea, former chief executive officer of Ambit Capital, and to Manappuram Finance and its top management, the report added. CLICK HERE TO READ FULL REPORT
Manappuram Finance had hit an all-time high of Rs 142 on Thursday, June 6, 2019 in the intra-day trade. Thus far in the current calendar year 2019, the stock has rallied 48 per cent, as compared to a 10 per cent rise in the S&P BSE Sensex till yesterday.
At 10:07 am, the stock trimmed losses and was trading 5 per cent lower at Rs 131 on the BSE, against a marginal 0.04 per cent decline in the benchmark index. The trading volumes on the counter nearly doubled with a combined 11.6 million shares changing hands on the NSE and BSE so far.