SEBI alleges Rajesh Exports inflated revenue by Rs 15.15 lakh crore; LIC stake quintupled as MFs stayed away
SEBI's interim order accuses gold-jewellery exporter Rajesh Exports of inflating revenues by Rs 15.15 lakh crore over FY21-25 and bars promoter Mehta from securities dealings pending forensic audit. Mutual funds held just 0.5% since March 2016, but LIC's stake rose from 1.99% to 11.22%, with FPIs at 14.2%.
SEBI's interim order accuses gold-jewellery exporter Rajesh Exports of inflating revenues by Rs 15.15 lakh crore over FY21-25 and bars promoter Mehta from secur
Indian Express · Business · 6/4/2026, 4:04:35 PM · Ask about this →