Shares of Ajanta Pharma slipped in trade on Tuesday after news reports suggested that the Income Tax department is conducting raids at the company’s premises. According to Zee Business, search operations are currently underway, though official details are still awaited.
The reports triggered selling pressure in the stock as investors turned cautious over potential regulatory implications. The market is awaiting further confirmation from the company or tax authorities on the scope and findings of the raids.
This is a developing story, and updates will follow as more details emerge.
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