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The government is investigating 37 companies - but has yet to hand out any fines, the BBC discovers.
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The QIP attracted investors such as GQG Partners, Quant Mutual Fund, SBI General Insurance, SBI Life Insurance and HDFC Life Insurance along with a few ultra-high net worth individuals, the people said.
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Tata Investment Corporation, TRF, Tata Teleservices (Maharashtra), Tata Chemicals, Automobile Corporation of Goa, Tata Elxsi, Tejas Networks, Nelco, Automotive Stampings & Assemblies, Tata Technologies, Tata Power Company, Rallis India, and Indian Hotels Company gained between 3% and 15% on Thursday.
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