Sebi asked Religare for complete details and the sequence of events starting from the time of the first discussion regarding the open offer transaction till the stock exchange announcement on September 25.
The stock has consolidated in a narrow range since September 2022, where Rs 900-930 levels acted as stiff resistance, while on the downside levels above Rs 700 acted as crucial support. The stock is on the verge of a breakout above Rs 930 level on the weekly charts. Although it did touch a 52-week high of Rs 957 on 20th December 2023, but failed to hold on to the momentum and witnessed some profit-taking.
In a December 20 letter reviewed by ET, Sebi asked Religare for "complete details and sequence of events, starting from the time of first discussion regarding the open offer transaction till the stock exchange announcement dated September 25, 2023."
In a December 20 letter reviewed by ET, Sebi asked Religare for "complete details and sequence of events, starting from the time of first discussion regarding the open offer transaction till the stock exchange announcement dated September 25, 2023."