Anant Raj Industries denies acted as conduit for Telecom Scam

Anant Raj Industries Ltd has clarified with regards to sudden increase in Volume of trades in the shares of the Company.

The company clarified that any group entity or promoters have not taken and are not in the process of taking any decision which may be treated as Price Sensitive. Further, the Company hereby clarifies that neither the Company nor any of its Holding, Subsidiary or Group Company or its Promoters and Directors has direct or indirect connection or interest in any Telecom Company or Telecom Business.

It also clarifies that the Group has made any or all its transaction only relating to its Real Estate, Construction & Development Business and none of its transaction relates to any Telecom Company or Telecom Business.

The stock closed the day at Rs.78, up by Rs.1.95 or 2.56%. The stock hit an intraday high of Rs.80 and low of Rs.66.15.

The total traded quantity was 35.40 lakhs compared to 2 week average of 5.30 lakhs.

Source : Equity Bulls

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