"We confirm that a search under section 132 of the Income Tax Act, 1961 was conducted by Income Tax authorities at various locations of Welspun Group from June 30, 2017 to July 3, 2017," the company said in a filing to the BSE.
Welspun Enterprises, part of the USD 2.3 billion Welspun Group, however, said, "No material findings have come to our notice."
The company extended its full cooperation to the authorities, it added.
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