(Reuters) – India’s Income Tax (IT) department searched real estate development company Kalpataru Group’s premises in Rajasthan and Mumbai on Friday, CNBC-TV18 reported, citing sources.
Shares of Kalpataru Projects International (KAPT.NS), which is a part of Kalpataru Group, fell as much as 3.6% on the report.
Both the IT department and Kalpataru did not immediately respond to Reuters’ requests for comment.
