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PNC Infratech tumbles after CBI conducts search at offices

11 Jun 2024 Evaluate

PNC Infratech is currently trading at Rs. 480.25, down by 41.35 points or 7.93% from its previous closing of Rs. 521.60 on the BSE.

The scrip opened at Rs. 514.95 and has touched a high and low of Rs. 514.95 and Rs. 470.05 respectively. So far 470918 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 574.50 on 27-May-2024 and a 52 week low of Rs. 310.05 on 09-Nov-2023.

Last one week high and low of the scrip stood at Rs. 552.00 and Rs. 457.25 respectively. The current market cap of the company is Rs. 12343.38 crore.

The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 38.81% and 5.13% respectively.

The Central Bureau of Investigation (CBI) has conducted a search at PNC Infratech’s Corporate office, situated at Agra, Registered Office situated at New Delhi and other offices of the Company and at the residence of Yogesh Kumar Jain, Managing Director and Talluri Raghupati Rao, Whole-time Director of the Company on June 08, 2024. The Search is completed at all locations now. Satyanarayana Annguluri, Brijesh Mishra, Anil Jain and Shubham Jain, employees of the Company were arrested by them. 

However, the company stated that the detailed information is yet to be awaited for submission of the same with the Stock Exchange. Further Y K Jain and T R Rao were not arrested as appearing in news media item but summon has been served on Y K Jain, Managing Director to appear before CBI Office, New Delhi.

The company also stated that the Company is a law-abiding corporate citizen and undertakes to abide by all applicable laws. The company undertakes to keep the stock exchange (s) informed with any material information and updates in the concerned matter.

PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.


PNC Infratech Share Price

216.15 -4.80 (-2.17%)
24-Apr-2026 11:01 View Price Chart
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