Sahara Housingfina drops 15% as SEBI freezes Sahara accounts
By IRIS
14th February 2013 04:18 PM
Sahara Housingfina Corporation plunged after Securities and Exchange Board of India (SEBI) ordered freezing of bank accounts and attachment of all investments and properties of two group firms and their top executives.
The SEBI order is based on an affidavit filed on behalf of
Sahara India Real Estate Corporation and Sahara Housing Investment
Corporation to the Supreme Court where they had given details of
the investment made from the monies generated through debentures.
Shares of the companyare trading at Rs
46.25, down Rs 8.15, or 14.98% at the Bombay Stock Exchange (BSE)
on Thursday at 2:52 p.m.The scrip has touched an intra-day high of
Rs 48.90 and low of Rs 44. The total volume of shares traded at the
BSE is 19,606.In the earlier session, the shares rose 0.65%, or Rs
0.35, at Rs 54.40. Currently, the stock is trading at all time
52-week low, which is below 76.63% over the 52-week high of Rs
197.90.
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