Jai Corp tells BSE of Income-tax dept raids

Jai Corp tells BSE of Income-tax dept raids
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First Published: Fri, Mar 06 2009. 10 29 PM IST
Updated: Fri, Mar 06 2009. 10 29 PM IST
Mumbai: Jai Corp. Ltd, a steel and plastics processor, said income-tax officials conducted searches at the company’s office premises.
Tax officials also searched the residence of chairman Anand Jain on Thursday, the Mumbai-based company said in a statement to the Bombay Stock Exchange (BSE) on Friday. The company has complied with all reporting requirements, it said.
Jai Corp., which also invests in real estate, venture capital and infrastructure, fell 2.8% to Rs72.15 at the close in Mumbai trading, extending Thursday’s 5% decline.
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First Published: Fri, Mar 06 2009. 10 29 PM IST
More Topics: Jai Corp | BSE | Income-tax | Raid | Steel |