Rajesh Mehta's jewellery brands wind down as Sebi probe ensnares Rajesh Exports
Shubh, Laabh and Oyzterbay have shuttered amid Sebi's investigation into Rajesh Exports, while a Rs 24,000 crore Telangana AMOLED display project has stalled. Mehta is retreating to gold refining and trading, marking a sharp reversal for what was once a $24 billion jewellery empire.
Rajesh Mehta's jewellery retail brands Shubh, Laabh and Oyzterbay have wound down amid Sebi investigations into Rajesh Exports. His Rs 24,000 crore Telangana AMOLED display project also stalled. Mehta now focuses on gold refining and trading.