For Quick Alerts
For Daily Alerts

Unitech plunges 20% on fresh 2G allegations

Unitech plunges 20% on fresh 2G allegations
Unitech: Quotes, News
BSE 1.05BSE Quote0.11 (-10.48%)
NSE 1.05NSE Quote0.1 (-9.52%)
Unitech Ltd on Tuesday plunged 20% on reports of fresh 2G allegations. The reports said that Central Bureau of Investigation (CBI) has removed a public prosecutor from the 2G spectrum case.

This move came after he was allegedly caught in a taped conversation discussing prosecution strategy with one of the high-profile accused Sanjay Chandra, Managing Director of Unitech, reports PTI.

Few days ago, a Preliminary Enquiry (PE) has been registered and both Singh and Chandra were questioned in the CBI headquarters on Monday in connection with the case.

However, the company strongly denied the allegations. The company's third quarter results are expected tomorrow.

Shares of the company plunged 19.75 % to Rs 28 on BSE at 11.30 am IST. It touched an intra-day low of Rs 26.35.

Read more about: unitech 2g cbi
Story first published: Tuesday, February 12, 2013, 11:37 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more