Sebi lens on PC Jeweller Market regulator, Securities and Exchange Board of India (Sebi) has launched a probe into PC Jeweller, whose shares saw a huge plunge and some recovery in the past two trading sessions amid inter-se transfer of shares by the promoters.
The drop in the stock price was triggered by founder, PC Gupta’s move to “gift” shares of the company to a family member through off-market transactions. “Sebi is probing the disclosure and governance practices followed by the jeweller. It has asked exchanges for relevant data,” said a ...
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First Published: Sun, May 06 2018. 20:26 IST
