Comments
Real estate developer Sobha Ltd said on Wednesday the income tax department was carrying out a search at its registered office and other premises.
The Bengaluru-based company did not specify the reason for the search.
“..as a responsible company, all the concerned employees, staff of the company are extending their full cooperation to the officials,” it said in the statement.
At 9.40 am shares of Sobha Ltd were down nearly 4 per cent at Rs 499.30 on the National Stock Exchange.
Also read: Listed realtors have cut their debt by over 40% in last 3 years
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.