Announced Thu, 3 Sept · 23:26 IST
ED searches Innovision office and CMD home under anti-money laundering law
INNOVISION · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹256.20
prior close
₹269.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-4.1-4.6-5.2-5.6-0.2-1.9+8.0+4.3+1.2-0.8————
Up moveDown movePending
AI summary
ED searched Innovision's Gurugram office and CMD Randeep Hundal's home on Sept 2-3 under Section 17 of the PMLA. Officers examined records, copied documents onto a pen drive, and recorded the CFO's statement. No incriminating documents found at the CMD's residence. No violation has been communicated yet, and business operations were not disrupted. Separately, Delhi High Court earlier stayed an NHAI debarment order against the company.
Likely market impact
ED searches may add uncertainty and short-term pressure on the stock; no charges yet filed and business continues normally.