Business Standard

Income tax dept raids five Shree Cement locations in Rajasthan: Report

The Kolkata-headquartered cement firm and IT department did not immediately respond to Reuters' requests for comment

Shree Cement

Shree Cement

Reuters BENGALURU

Listen to This Article

BENGALURU (Reuters) - India's income tax department was conducting a survey action at five locations of Shree Cement Ltd in the western state of Rajasthan, CNBC-TV18 reported on Wednesday, citing sources.
The Kolkata-headquartered cement firm and IT department did not immediately respond to Reuters' requests for comment.
Shree Cement's shares fell as much as 2.7% on the news, posting its biggest intraday percentage drop since May 24.
 
(Reporting by Indranil Sarkar in Bengaluru; Editing by Savio D'Souza)

(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.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 21 2023 | 3:34 PM IST

Explore News