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Polycab India plunges 22% as I-T dept recovers 'unaccounted sales' of Rs 1,000 crore

Polycab India plunges 22% as I-T dept recovers 'unaccounted sales' of Rs 1,000 crore

Jan 12, 2024, at 05:04 am

Mumbai: Polycab India's shares witnessed a sharp decline of 22 percent in morning trade on January 11 following revelations by the income tax department about the discovery of around Rs 1,000 crore in "unaccounted cash sales" during raids on the company's offices the day before, media reports said.