HG Infra Shares Plunge 16% After CBI, ACB Raids Offices and Project Site
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CNBC TV18•23-01-2026, 12:47
HG Infra Shares Plunge 16% After CBI, ACB Raids Offices and Project Site
- •HG Infra Engineering Ltd. shares dropped 16% following search operations by CBI and ACB.
- •The raids occurred on January 21, 2026, at the company's corporate office in Jaipur, regional office in Gurugram, and a project site in Bihar.
- •Search operations lasted from 6:10 PM to 1 AM, concluding on January 22, 2026.
- •HG Infra stated that business operations are unaffected, but the financial impact is currently unquantifiable.
- •The company cooperated with officials and awaits further details on alleged violations.
Why It Matters: HG Infra shares fell sharply after CBI/ACB raids, though the company claims operations are normal.
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