homebusiness Newscompanies NewsIncome Tax Department raids around 40 premises of real estate giant Puravankara Limited

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

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

By CNBCTV18.com Oct 4, 2023 5:15:07 PM IST (Published)

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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.