The Odisha Cement mystery: Mutual Fund units worth Rs 344 crore vanish
Updated : February 28, 2019 04:13 PM IST
In a statement on the exchanges last evening, the company said that certain mutual fund units were “illegally transferred” from the demat accounts of its erstwhile units OCL India and Dalmia Cement East.
Mirroring the stock, shares of Odisha Cement plunged 5 percent intraday on Thursday.
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