Manpasand Beverages Under Pressure For Fourth Day In A Row

Shares of Manpasand Beverages plummeted 10 percent intraday, hitting another 52-week low, after the officials of the company arrested for GST fraud were reportedly denied bail.

According to CNBC-TV18 sources, the company's Managing Director Abhishek Singh, his brother Harshvardhan Singh and the Chief Financial Officer Paresh Thakkar, who were arrested following a raid by the CGST Commissionerate Vadodara-II sleuths on May 23, have been denied bail.

On May 23, the CGST Commissionerate conducted multi-locational searches across various premises of Manpasand Beverages.

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