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SEBI to probe alleged manipulative trading in Gitanjali Gems

SEBI to probe alleged manipulative trading in Gitanjali Gems

Saturday, March 11, 2017, 11:22 AM

The Securities and Exchange Board of India (SEBI) on Friday ordered an investigation into alleged manipulative trading more than half a decade ago in the stock of Gitanjali Gems, a branded jewelry retailer. The regulator asked its investigation officer to complete the probe within six months.SEBI, based on its preliminary findings, had issued show-cause notices to company promoter Mehul Choksi and 22 entities.
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