Rajesh Exports Chairman Rajesh Mehta clarified LIC's investment in his company, stating the insurer bought shares over two decades from the open market. He asserted neither promoters nor the company benefited from LIC's stake, emphasizing that ordinary retail shareholders are the ultimate gainers, regardless of LIC's potential losses or exit.

Rajesh Exports Chairman Rajesh Mehta clarified LIC's investment in his company, stating the insurer bought shares over two decades from the open market. He asserted neither…

Rajesh Exports' chairman denies involvement in LIC's stock purchases, emphasizing benefits for retail shareholders amid regulatory scrutiny.