Gold Silver Reports (GSR) – Kwality Slumps 35% In Three Sessions – Shares of the Delhi-based dairy products maker was locked in a 10 percent lower circuit at Rs 53.15 after the company informed stock exchanges that a director and investor in the company informed it that a registered broker F6 Finserve located in Gurugram fraudulently offloaded some shares of the company.
Meanwhile, the investor is in the process of initiating legal proceedings and police complaint against the broker.
Read More: Kwality Plunges 28% In Two Sessions On Heavy Volumes
The shares of the company have fallen as much as 35 percent in the last three trading sessions to hit its lowest level in 21 months.
