Income Tax department conducts raid at Stove Kraft office; shares plunge 5.3%

The company stock was trading 5.3% lower at ₹488.55 on BSE till 2:20 pm

By Connect Gujarat Desk 22 Nov 2023 in Business News

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Income Tax department conducts raid at Stove Kraft office; shares plunge 5.3%

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Income Tax department conducting raids StoveKraft office, the company said in its stock exchange filing on Wednesday.

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The company stock was trading 5.3% lower at ₹488.55 on BSE till 2:20 pm.

The Indian cooking appliances manufacturer said in its stock exchange filing that officials of the Income Tax Department are conducting search at some of the premises and pants of the company.

It also informed about cooperating with IT officials during the searches.

The full information related to IT raids will be updated once the IT search concludes.

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