Motilal Oswal AMC clarified on the allegations associated to Kalyan Jewellers, said- try to defame – INA NEWS

Lately Kalyan Jewelers (Kalyan JewellersMotilal Oswal Asset Administration Firm (AMC), which got here into dialogue on social media because of allegations associated to its shares, has vehemently denied these claims. The corporate mentioned that each one these allegations are ‘baseless, malicious and defamatory’. The corporate additional mentioned that these allegations made on social media are a deliberate try to break its repute.

The assertion is available in response to rumors unfold on social media, which claimed that fund managers of Motilal Oswal Asset Administration Firm (MOAMC) have been bribed to extend shares in Kalyan Jewellers.

What did Motilal Oswal AMC say?

“We categorically deny the baseless, malicious and defamatory allegations being circulated on social media towards MOAMC and its officers,” the corporate mentioned within the assertion. These baseless allegations are a deliberate try by people with vested pursuits to malign the nice repute constructed over many years by our agency and management.”

The corporate mentioned the allegations towards it and its executives relating to resignations, unethical habits or rumors associated to the search are fully false and an try to mislead the general public.

Motilal Oswal AMC mentioned, “We urge individuals to not consider these baseless and unethical makes an attempt to unfold misinformation. We request all stakeholders to depend on dependable and verified sources of data. We guarantee our buyers, distributors, shareholders and all different stakeholders that we adhere to the very best stage of compliance requirements and have full confidence in our methods, processes and fund managers.”