Shares of IRB infrastructure Developers Ltd have come under huge selling pressure after television channels started carrying alerts about alleged CBI raid at the premises of a sister concern in Pune just now.

The channels said the raid was in connection with the murder of RTI activist Satish Shetty and raids were on in the premises of Aryan Infra, a sister concern of IRB Infrastructure Developers Ltd.

IRB Infra stock was down by Rs 3.80 at Rs 118.85 on the NSE with a huge trading volume of 44.12 lakh shares.

In fact, the volume jumped by about 20 lakh shares in about 15-20 minutes of trading after the channels started splashing news of the alleged raid.

(This article was published on November 2, 2012)
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