This follows a ratings downgrade by Icra, which alleged the clean energy firm falsified debt-servicing documents. Sentiment worsened after its promoters sold shares in the open market during the crisis. The stock had shot up 2,600% between 2022 and 2024.
South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why
The benchmark Kospi plunged 551 points, or 8.1%, to 6,2505. The steep decline triggered “sidecar” trading curbs on both the Kospi and the junior Kosdaq