4/3/2024, 10:08:02 pm

Stocks linked to Dubai-based hawala operator Tibrewala take a beating

Shares of many companies, in which alleged Dubai-based hawala operator Hari Shankar Tibrewala owns stake through the foreign portfolio investor (FPI) route, fell sharply during the trading session on March 4. Last week, the Enforcement Directorate froze shares worth Rs 581 crore held by associates of entities beneficially owned by Hari Shankar Tibrewala.