IT search at offices and manufacturing units of Cipla Ltd

Cipla Ltd has announced that the Income Tax Department (the Department) conducted a search under the Income Tax Act, 1961 at some of our offices and manufacturing units. The Company fully co-operated with the officials during the proceedings and responded to the clarifications and details sought by them. We will continue to provide any further clarification / information that may be required.

The business operations of the Company continued as usual and were not impacted due to the search. We will comply with our legal obligation for disclosure from time to time.

Shares of Cipla Limited was last trading in BSE at Rs. 1029.75 as compared to the previous close of Rs. 1023.00. The total number of shares traded during the day was 19123 in over 1797 trades.

The stock hit an intraday high of Rs. 1033.20 and intraday low of 1010.40. The net turnover during the day was Rs. 19542090.00.

Source : Equity Bulls

Keywords

Cipla INE059A01026 Pharmaceuticals IncomeTaxDepartment Search