Shares of Onmobile Global hit a record low after the company’s board ordered a probe against founder and CEO Arvind Rao for misappropriation of funds, reports said.
Shares of Onmobile Global ended at a record closing low of Rs.33.25, down 17% over the previous close. It had touched a day’s high of Rs.40.60 and a day’s low of Rs.32.65. The total traded quantity of the shares stood at 32.61 lakh shares on the BSE.