BSE 23 May 12 | 12:00 AM
Code: 526299
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CBI raid reports 'completely false and incorrect': MphasiS
Reuters / Mumbai 22 Aug 11 | 11:53 AM
MphasiS has said that reports of a raid by the Central Bureau of Investigation at its premises are "completely false and incorrect", a top official told Reuters on Monday.
"We have checked with every location, and there is no raid at any of our locations," its Chief Financial Officer Ganesh Murthy said.
Shares in MphasiS fell by over 13% during the day, after two television channels reported that CBI officials carried out searches on its premises.
At 11:17 am, the company's shares were trading up by 1.49% at Rs 357 in a weak Mumbai market.
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