Authum Investment & Infrastructure Ltd. has said the Income Tax Department had been conducting a search-and-seizure operation on the premises of its corporate office.
The searches were also going on at the residential and commercial premises of its promoters from Dec. 11, according to an exchange filing on Thursday.
The non-banking financial institution said it was cooperating with the officials and responding to the queries. "We expect that this has no impact on our operational performance."
As the entire income tax assets of all the senior officials were under the control of the department for scrutiny, the company disclosed the information after obtaining the approvals from it.
Shares of Authum Investment were trading 2.17% lower at Rs 759.15 apiece on the BSE compared to a 0.64% advance in the benchmark Sensex as of 11.18 a.m.
RECOMMENDED FOR YOU
Bajaj Holdings Board Approves Interim Dividend Of Rs 65 Per Share
Sep 12, 2024
 11_07_24.jpg?rect=0%2C0%2C3500%2C1969&auto=format%2Ccompress&format=webp&w=75)
Rupee Weakens Against Dollar With US Inflation Data In Focus
Sep 10, 2024
 11_07_24 (1).jpg?rect=0%2C0%2C3500%2C1969&auto=format%2Ccompress&format=webp&w=75)
Rupee Closes Stronger Amid Focus On Key US Payrolls Data
Sep 06, 2024
Rupee Closes Stronger As Oil Prices Fall On Israel-Hamas Ceasefire Talks
Aug 19, 2024
POPULAR