Amid the rising speculation among stock market investors of possible mishappening in Vakrangee post the resignation of Price Water House as their statutory auditors, Ministry of Corporate Affairs has initiated a probe on the accounts of Vakrangee.
In Last one year, Vakrangee's share had crashed by over 90% from Rs. 515 in the early 2018 to Rs. 28.75 as on Friday.
The probe would cover the accounts of the company from last 3 years including the analysis of the number of Vakrangee's center or "Kendra" present in India. It would also look into the share holding structure of the company. Vakrangee' Management has gracefully welcomed the decision of Ministry of Corporate Affairs in order to Clear out the false speculation in the market invoving the company.
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