Shares of Jindal Poly Films came under the spotlight today after the Enforcement Directorate (ED) launched raids on directors and employees of the BC Jindal Group under FEMA (Foreign Exchange Management Act) regulations.
The ED is reportedly conducting searches at 13 locations across Delhi NCR and Hyderabad, focusing on allegations that JITPL and JIPL made investments abroad and parked funds overseas in violation of foreign exchange rules.
JINDAL POLY FILMS
THE ED IS CONDUCTING RAIDS UNDER THE FEMA LAW ON THE DIRECTORS AND EMPLOYEES OF THE BC JINDAL GROUP. THESE RAIDS ARE BEING CARRIED OUT AT 13 LOCATIONS IN DELHI NCR AND HYDERABAD. THE ALLEGATIONS INVOLVE JITPL AND JIPL MAKING INVESTMENTS ABROAD AND PARKING…
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Investors are closely watching developments as regulatory scrutiny often impacts market sentiment, leading to heightened volatility in the stock price.
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