Videocon, 10 others to move to restricted trading segment from September 3

The move is part of the surveillance review to ensure market safety and safeguard interest of investors.

Sebi to consider penal action against PNB, Gitanjali Gems

Sebi last week issued a warning letter to PNB for delaying disclosures to stock exchanges about the fraudulent transactions.

An LoU is a guarantee given by an issuing bank to Indian banks having branches abroad to grant short-term credit to the applicant.

The share price of Gitanjali Gems on Friday closed at Rs 3.84.

Gitanjali, among others, is the major account which has turned bad in the Q4 of FY18.

The court said it will hear the matter along with a similar pending plea of billionaire Nirav Modi's firm Firestar Diamond on April 11.

Clarifying that he was not making any excuse to travel to India, Choksi claimed that his passport is suspended.

On NSE, the stock fell to a 52-week low of Rs 17.40.

Gitanjali Gems has lost as much as 70 per cent since February 14, the day the PNB fraud came to light.

CBI is now probing Rs 12,636 crore which is (Nirav and Gitanjali) PNB scam, up from Rs 11,421 crore.