Shares of Life Insurance Corporation of India fell over 1% after Rajesh Exports witnessed a sharp 5% decline following Sebi's interim order against the company and its promoter, Rajesh Mehta. As per the latest shareholding data, LIC holds a 10.80% stake in the company.
The market regulator alleged extensive financial irregularities, non-cooperation during the investigation and a possible overstatement of the company's reported revenues.
