EOW raids Yash Birla's residence: Sources

Jan 24, 2014, 07.39 PM IST

Sources add that the EOW has called Yash Birla and directors for questioning within the next four days.

Tags  Birla Power Solutions, EOW, Yash Birla, MPID Act

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EOW raids Yash Birla's residence: Sources

Sources add that the EOW has called Yash Birla and directors for questioning within the next four days.

Like this story, share it with millions of investors on M3

EOW raids Yash Birla's residence: Sources

Sources add that the EOW has called Yash Birla and directors for questioning within the next four days.

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The economic offences wing (EOW) of Mumbai has raided Yash Birla's residence, CNBC-TV18 learns from sources. The EOW has searched six places including Birla Power Solutions ' office. 

Sources add that the EOW has called Yash Birla and directors for questioning within the next four days. 

Twenty eight investors have complained against Yash Birla and a case has been registered against the company under the MPID Act (Maharashtra Protection of Interest of Depositors Act).

Also Read: When butter chicken posed risk for biz expansion at Birlas!

Birla Power Sol stock price

On January 24, 2014, Birla Power Solutions closed at Rs 0.16, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs 0.34 and the 52-week low was Rs 0.12.

The latest book value of the company is Rs 2.66 per share. At current value, the price-to-book value of the company was 0.06.

Action in Birla Power Solutions

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