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Crash in Shares Linked to Dubai-based Hawala Operator Hari Shankar Tibrewala

Shares of several companies, in which Dubai-based hawala operator Hari Shankar Tibrewala (sometimes mentioned as Tibrewal) owns a stake through the foreign portfolio investor (FPI) route, continue to fall on Indian stock exchanges. Cellecor Gadgets Ltd, in which Tano Investments Opportunities Fund holds 13%, hit its lower circuit of 20% to Rs190.80.

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