There is news of a big raid on Shriram Properties in Chennai. The Enforcement Directorate (ED) has raided Shriram Properties in Chennai. According to the information, this raid has been done for giving an unsecured loan to the minister of Chennai, in which Shriram Properties had given an unsecured loan of 30 crores. ED action is going on in the company's office since yesterday. Information given in the exchange filing Shriram Properties has informed in the exchange filing that Enforcement Directorate (ED) officials are conducting searches in our office premises in Bengaluru and Chennai. The company is cooperating fully with them by responding to the clarifications / details sought by the officials. The company said that the company will update the stock exchange about any significant developments in this regard. The company said that we are committed to comply with the rules and assure that the company or its SPVs or officials have no direct or indirect involvement in the alleged cases. On Thursday, the company's stock closed at Rs 106.25 with a decline of 3.25 percent. In the last one year, the company's shares have seen a rise of 23.26 percent.