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Everonn Plunges by Limit for Third Straight Session, Loses 42%

Everonn Education Ltd. (EEDU), a provider of educational and training services, fell by the daily limit for third straight session in Mumbai, losing 42 percent of its value during the period.

The stock retreated 28 rupees, or 10 percent, to 252.5 rupees at 9:37 a.m., adding to the 20 percent slump yesterday and on Sept. 2, after the company said Managing Director P. Kishore was taken into judicial custody.

To contact the reporters on this story: Ravil Shirodkar in Mumbai at rshirodkar@bloomberg.net; Santanu Chakraborty in Mumbai at schakrabor11@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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