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May 15, 2012, 02.02 PM IST
Shares of country's largest telecom operator Bharti Airtel fell as much as 5% to touch an intraday low of Rs 291.90 on Tuesday after CNBC-TV18 reported quoting PTI that Enforcement Directorate is probing money laundering cases against the company, says Minister of State for Finance SS Palanimanickam while informing to the Rajya Sabha.
Shares of country's largest telecom operator Bharti Airtel fell as much as 5% to touch an intraday low of Rs 291.90 on Tuesday as Enforcement Directorate is probing money laundering cases against the company, says Minister of State for Finance SS Palanimanickam while informing to the Rajya Sabha.
"Directorate of Enforcement is investigating cases under the provisions of Prevention of Money Laundering Act, 2002, and Foreign Exchange Management Act, 1999, involving M/s Bharti Airtel Ltd," he said in a written reply. At 13:47 hours IST, the stock was quoting at Rs 300.40, down Rs 7.05, or 2.29%. Its trading volumes increased 126% to 3,45,096 shares as compared to its 5-day average of 152,492 shares. (With inputs from Reuters)
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