India's Afcons Infra hits lowest since Nov debut on report of tax survey

Afcons Infrastructure

28/02/2025 09:13

** Shares of Afcons Infrastructure AFCN.NS slide 7.4% to 412 rupees, lowest since Nov 4 trading debut

** Stock now down 11.5% vs IPO price of 463 rupees

** Income tax officials conducting survey at AFCN offices in Mumbai and Delhi, CNBC Awaaz reported

** Afcons, the flagship of conglomerate Shapoorji Pallonji Group, did not respond to a Reuters request for comment

 (Reporting by Sethuraman NR in Bengaluru)

 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))