GSM Foils stock plunges by ₹64.4 crore after Chairman's murder attempt on MD
Shareholders of GSM Foils saw their wealth drop by ₹64.4 crore in one day following news of a failed hostile takeover attempt by the firm's Chairman, Sagar Bhanusali. On Friday, the company reported that Bhanusali had been taken into custody for allegedly trying to murder Managing Director Mohansingh Parmar in a bid to seize control of the business. After the incident was made public, GSM shares plummeted to the lower circuit, ending the trading session with a 19.99% loss.
by shortkt.com✓