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WhatsApp Message Destroyed 71% of A Company's Value In A Single Day
WhatsApp message raised concerns on Infibeam Avenues accounting practices Infibeam gave Rs 135-crore unsecured, interest-free loans as of March 31 Infibeam shares collapsed as much as 73% before closing 71% lower
28 Sep 2018, 05:34 PM IST 
The record slump on Friday prompted Infibeam Avenues to make a voluntary clarification to exchanges
Infibeam Avenues Ltd. lost 71 percent of its market value on a single day after a WhatsApp message circulating among traders raised concerns about the e-commerce company's accounting practices.
