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Unitech jumps 8% after firm claims MDs committed no fraud

Unitech jumps 8% after firm claims MDs committed no fraud

Wednesday, April 5, 2017, 1:11 PM

Shares of Unitech jumped over 8% in Wednesday’s trade after the company said on Monday its managing directors, Sanjay Chandra and Ajay Chandra, committed no fraud with any investor and the delay in project delivery was due to reasons beyond control of the company. Following the development, the stock surged 8.08% to hit a high of Rs 5.48 on BSE.
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