Income Tax Department raids Hyderabad-based Divi's Laboratories premises between 14-18 February

Drug firm Divi's Laboratories on Tuesday said income tax department has conducted raids at its premises, including its head office and manufacturing sites, between 14-18 February

Press Trust of India February 19, 2019 15:54:54 IST
Income Tax Department raids Hyderabad-based Divi's Laboratories premises between 14-18 February
  • The company said the raids were conducted by the officials of Income-Tax Department under Section 132 of the Income-Tax Act

  • The search operation concluded on 18 February, 2019 and no irregularities have been found, Divi's Laboratories said

  • Established in 1990, Divi's is a manufacturer of active pharmaceutical ingredients

New Delhi: Drug firm Divi's Laboratories on Tuesday said income tax department has conducted raids at its premises, including its head office and manufacturing sites, between 14-18 February.

Income Tax Department raids Hyderabadbased Divis Laboratories premises between 1418 February

Representational image. Reuters.

The company said the raids were conducted by the officials of Income-Tax Department under Section 132 of the Income-Tax Act.

"The company has extended full cooperation to the officials during the search and provided all the information sought. The search operation concluded on 18 February, 2019 and no irregularities have been found," Divi's Laboratories said in a regulatory filing.

Established in 1990, Divi's is a leading manufacturer of active pharmaceutical ingredients offering products in over 95 countries.

The company's shares were trading 0.66 per cent up at Rs 1,585 on the BSE.

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