S Kumars Nationwide has had a shocking day in the market today. The stock nosedived 25% ‘surprising’ the street. Denying the possibility of ‘any shares being pledged on any promoter account’, Nitin Kasliwal, vice chairman and managing director of the apparel company says “the shares are pledged to anyone but to our existing lenders.”
first published: Jun 21, 2011 04:35 pm
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