Jai Corp tells BSE of Income-tax dept raids
Jai Corp tells BSE of Income-tax dept raids
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.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!