Munjal's three immovable properties in Delhi were temporarily attached by the government agency in accordance with the Prevention of Money Laundering Act (PMLA).
Foreign Institutional Investors (FIIs) offload equities worth Rs 1,712.33 crore on Thursday
Recommendation: Buy; Target Price: Rs 396
The letter to the authorities requesting an investigation follows allegations of fraud and other violations made against the Burman family.
On a consolidated basis, M&M reports a 15% YoY increase in revenue to Rs 34,436 crore and a 6% YoY rise in net profit to Rs 2,348 crore.
The company said on November 10 that its consolidated revenue from operations decreased 3.6% year over year to Rs 54,169 crore from Rs 56,176 crore a year earlier
However, the company's consolidated income fell to Rs 3,112.02 crore.
The partnership covers countries like Jordan, Saudi Arabia, UAE, Iraq, Lebanon, and other GCC countries
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