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Shares of Claris Lifesciences have dipped 10% to Rs 215 in noon deal, extending its previous day’s 5% decline on the BSE in otherwise firm market after the Income Tax (IT) department conducted search, survey at group premises.
“The search/survey has been carried out by the Income Tax Authorities (IT Authorities) on the company on August 4, 2015”, Claris Lifesciences said in a BSE filing.
The company have extended full co-operation to the IT Authorities. Further, we submit that any information which is considered to be material in nature would be intimated to Exchange immediately, it added.
At 03:08 PM, the stock was down 6% at Rs 224 on the BSE. The trading volumes on the counter more than four-times with 565,000 shares have changed hands so far against an average 135,000 shares that were traded daily in past two weeks on the BSE.
“The search/survey has been carried out by the Income Tax Authorities (IT Authorities) on the company on August 4, 2015”, Claris Lifesciences said in a BSE filing.
The company have extended full co-operation to the IT Authorities. Further, we submit that any information which is considered to be material in nature would be intimated to Exchange immediately, it added.
At 03:08 PM, the stock was down 6% at Rs 224 on the BSE. The trading volumes on the counter more than four-times with 565,000 shares have changed hands so far against an average 135,000 shares that were traded daily in past two weeks on the BSE.
