Announced Tue, 15 Sept · 19:54 IST
ED provisionally attaches Salasar properties worth 98.31 crore under PMLA
SALASAR · 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
+1.2%1-day move
₹4.82
prior close
₹4.78
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.8+0.6+0.0-0.2+1.2+1.9+0.8———————
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AI summary
ED issued a Provisional Attachment Order under Section 5(1) of PMLA attaching immovable properties worth 98.31 crore for 180 days. Two properties affected: Bhilai manufacturing plant in Chhattisgarh (40.95 crore attached) and Solar Power Plant in Prayagraj, UP (57.36 crore attached). Neither the company nor its Chairman and Managing Director have been named as accused. Company says no disruption to business operations.
Likely market impact
Negative sentiment likely. Properties worth about 98 crore frozen for 180 days under PMLA probe. Company claims normal business continues.