The shares of Mukta Arts are trading at Rs 35, down by Rs 3 or 7% after reports stated that the Bombay High Court (HC) has reportedly cancelled land allotment to the company.
The stocks had earlier opened at Rs 34, touching the day's high at Rs 36 and low at Rs 33. The total traded quantity stood at 0.55 lakh shares on the BSE.
According to reports, HC has also directed Subhash Ghai to return Rs 145mn.