Capacit'e Infra dips 28% in 2 days, hits new low on report of I-T dept raid

The Bombay Stock Exchange (BSE) has sought clarification from Capacite Infraprojects with reference to the searches by the Income Tax Department

Shares of Capacit'e Infraprojects continued to remain under pressure for the second straight day and tumbled 13 per cent to Rs 161 in Wednesday's early morning trade on the BSE on report that the Income Tax (IT) department has conducted searches at the realty firm's offices.

The stock was quoting at its lowest level since its listing on September 25, 2017. It has tanked 28 per cent in the past two trading days from Monday's level of Rs 224 per share.

The Bombay Stock Exchange (BSE) has sought clarification from Capacit'e Infraprojects with reference to the searches by