India's TBO Tek falls after enforcement agency imposes penalty
Today 08:36
BUZZ-India's TBO Tek falls after enforcement agency imposes penalty ** Shares of India's TBO Tek TBOT.NS fall 2% to 1,540 rupees, their lowest since July 31
** Travel distribution platform says India's financial crime fighting agency imposed penalty of 222.2 million rupees ($2.4 million) on co and 24.7 million rupees on each joint managing director
** Co says order relates to alleged contravention of Foreign Exchange Management Act
** Stock rated "buy" on average by 12 analysts; median PT is 1,927.50 rupees - LSEG-compiled data
** Stock down 7.4% YTD
($1 = 94.7275 Indian rupees)
(Reporting by Payel Das in Bengaluru)
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