WhatsApp message destroys 71% of Infibeam's stock value - English Newshunt

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Saturday, September 29, 2018

WhatsApp message destroys 71% of Infibeam's stock value

Infibeam Avenues Ltd lost 71 per cent of its market value on a single day after a WhatsApp message circulating among traders raised concerns about the e-commerce company’s accounting practices. The WhatsApp message alleged, among other things, that the company had given interest-free and unsecured loans to its units.

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