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PNC Infra shares tank 10% following CBI raid on company

PNC Infra shares tank 10% following CBI raid on company

Shares of PNC Infra plummeted 10% to Rs 470 in Tuesday’s trade on BSE after the Central Bureau of Investigation (CBI) conducted searches at the company’s corporate office and the residences of the managing director (MD) and whole-time director. The CBI also arrested four employees of the company in connection with a bribery case. Media...