New Delhi, March 5 -- Force Motors share price dropped 8% from its intraday high on Thursday, March 5, after the company received a new notification from the Securities and Exchange Board of India (SEBI) requesting comprehensive details about its Q2 FY25 financial results and insider trading practices.
This marks the second regulatory probe in a short period, following a previous inquiry related to Q3 FY24 results and fluctuations in stock price.
SEBI has requested extensive information from Force Motors concerning various elements of its Q2 FY25 results announcement. The regulator is investigating the company's unaudited financial outcomes (both standalone and consolidated) for the quarter and half year ending on 30th September 2024.
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