Motilal Oswal refutes bribery allegations surrounding Kalyan Jewellers investment

Motilal Oswal AMC strongly denies allegations of bribery and manipulation in their investments in Kalyan Jewellers, calling them baseless and defamatory. Kalyan Jewellers also denies the speculation, but their stock continues to face pressure, falling to a 20-week low. Despite this, the company reported strong financial results in Q3 FY25.