Income Tax Department raids around 40 premises of real estate giant Puravankara Limited

The Income Tax department on Wednesday, October 4, raided multiple locations of a Bengaluru-based Real Estate company. The raids were conducted at around 40 premises of the Puravankara Limited company, the news agency ANI reported citing sources.

As per the sources, the I-T department conducted raids in multiple cities including Bengaluru, Hyderabad and Mumbai.

Puravankara Limited, a company in the construction of residential and commercial complexes sector, closed at 124.70 shares per share, experiencing a -2.73 percent decline on Wednesday at 15:59.