G R Infraprojects Shares Slide 1% After Income Tax Raids

Shares of

ts Ltd. tumbled in early trade today, shedding 1.15% to Rs 1,251 amid a recent Income Tax department search at key company sites and promoter residences. The raids, spanning October 9 to 14, targeted the firm's registered office, head office, corporate office, additional locations, along with homes of promoters, the CFO, and select employees. Operations wrapped up on October 14, the company disclosed in a BSE filing. G R Infraprojects affirmed full cooperation with authorities, emphasizing that business activities remain uninterrupted and normal. The stock was down Rs 14.55 at 09:18 am, reflecting investor jitters over the probe.