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Income-Tax department raids drug firm Divi's Laboratories premises

The company said the raids were conducted by the officials of Income-Tax Department under Section 132 of the Income-Tax Act

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Divi's Laboratories

Press Trust of India  |  New Delhi 



Income-tax department's Benami advertisement leave property owners jittery
Illustration: Ajay Mohanty

Drug firm Divi's Laboratories Tuesday said income tax department has conducted raids at its premises, including its head office and manufacturing sites, between February 14-18.

The company said the raids were conducted by the officials of Income-Tax Department under Section 132 of the Income-Tax Act.

"The company has extended full cooperation to the officials during the search and provided all the information sought. The search operation concluded on February 18, 2019 and no irregularities have been found," Divi's Laboratories said in a regulatory filing.

Established in 1990, Divi's is a leading manufacturer of active pharmaceutical ingredients offering products in over 95 countries.

The company's shares were trading 0.66 per cent up at Rs 1,585 on the BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Tue, February 19 2019. 15:45 IST

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