Legal9 Jun 2026, 06:03 pm
Anand Rathi: Additional Client Defrauded, ₹9.35 Cr Impacted
AI Summary
Anand Rathi Share and Stock Brokers Ltd has reported an update on an ongoing fraud investigation. An additional client has been defrauded through an off-market transfer of shares, adopting a modus operandi similar to a previously filed FIR. The estimated impact on the company is approximately ₹9.35 crores. The incident pertains to depository activities and not broking. The company is proactively informing the affected client and taking necessary actions, with investigations ongoing by EOW, Pune. Further updates will be provided as they become available.
Key Highlights
- Additional client defrauded via off-market share transfer.
- Estimated financial impact of ₹9.35 crores.
- Incident relates to depository activities, not broking.
- Company is cooperating with EOW, Pune investigations.
- Proactive client communication and corrective actions underway.
Price Impact
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