India's Rajesh Exports slumps as ED finds multiple issues at co
25/06/2026 05:03
BUZZ-India's Rajesh Exports slumps as ED finds multiple issues at co ** Shares of Rajesh Exports REXP.NS slide 5% to 97.02 rupees
** India financial crime fighting agency finds suspected forex breaches at REXP, including missing foreign transaction records and stock discrepancies
** ED searches conducted at nine locations in Mumbai and Bengaluru; found set-offs of trade payables and receivables of about 30 billion rupees ($318.1 million) involving suspicious foreign parties based in the UAE and other jurisdictions
** YTD, stock slumps 47.2%
($1 = 94.3000 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru)
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