India's J Kumar Infraprojects soars by daily limit after SEBI revokes probe order

J Kumar Infraprojects

09/10/2019 08:33

** J Kumar Infraprojects Ltd's  JKIP.NS  shares soar by
daily limit 20% to 153.5 rupees
    ** The Securities and Exchange Board of India revokes order
on independent probe into co's accounts and says there are no
reasonable grounds to believe financials were misrepresented by
co (http://bit.ly/35i9vS3)
    ** SEBI had appointed an independent forensic auditor last
year to determine if co misrepresented financials
    ** Up to Tuesday's close, stock had fallen 3.76% 

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 (Reporting by Philip  George in Bengaluru)
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