Rajesh Exports share price in focus after SEBI flags Rs.15 lakh crore misstatement in accounts
New Delhi, June 4 -- Jewellery maker Rajesh Exports share price will remain in focus on Thursday after the markets regulator Securities and Exchange Board of India (Sebi) alleged that the company has misrepresented almost its entire revenue over a five-year period.
The stock ended the Wednesday's trading session over 3% up to close at Rs.110 apiece on NSE.
The SEBI has accused Rajesh Exports of misrepresenting nearly all of its revenue over a five-year period, raising doubts on the reliability of the jewellery manufacturer's financial disclosures.
In a 109-page interim order released on Wednesday, Sebi stated that its preliminary findings suggest the company significantly overstated and misrepresented the scale of its operations and fi...
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