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Kalyan Jewellers shares up 9% after Motilal denies bribery allegations

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Shares of Kerala-based Kalyan Jewellers India surged as much as 9.4% on Monday to Rs 548.65 on the BSE, following a clarification from asset manager Motilal Oswal AMC regarding speculation around its investments in the company.

Addressing rumors that its money managers were allegedly bribed to…

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