ED searches Innovision office and CMD home under anti-money laundering law

Enforcement raidCourt stay obtainedRegulatory & Legal View source PDF Explain this filing

INNOVISION · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹256.20

prior close

₹269.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-1.4% vs market

Road Assets - Toll Annuity Hybrid-Annuity peers, median of 6sector+0.1%-0.9% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.9 pts less than its Road Assets - Toll Annuity Hybrid-Annuity peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-4.1

10m

-4.6

15m

-5.2

30m

-5.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.7-1.4+0.1-0.9

Next day

-0.2+1.1-1.3-1.1+0.8

-1.9+1.6-3.5-1.3-0.6

+8.0+1.5+6.5-2.4+10.4

+4.3+1.3+3.0-2.0+6.3

+1.2+1.4-0.2-1.7+2.9

-0.8-2.1+1.3-5.1+4.3

15d

-1.3-0.9-0.4-6.1+4.9

+0.2-1.4+1.7-9.4+9.6

+4.6-5.5+10.1-8.6+13.2

—————

UpDownMarket · Nifty Microcap 250Sector · Road Assets - Toll Annuity Hybrid-Annuity peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.