Gitanjali shares fall below â¹10, have tanked 85% since fraud
Shares of jeweller Mehul Choksi-owned Gitanjali Gems slipped below its face value of â¹10 for the first time on Friday. The firm's shares have crashed nearly 85% since PNB accused Choksi and Nirav Modi of defrauding the bank of over â¹13,900 crore. The company has lost â¹634.9 crore from its market capitalisation and now has a valuation of â¹114.46 crore.