India's Akums Drugs set for worst day in 2 months on IT department search

Akums Drugs and Pharmaceuticals

22/01/2025 07:12

** Akums Drugs and Pharmaceuticals  AKUM.NS  falls 4.5%, set
for biggest one-day drop since Nov 28, 2024
    ** Co says India's income tax department conducted searches
at its offices and manufacturing units of its subsidiaries
    ** Says operations continuing as usual, with minor hiccups
    ** Stock set to fall for a third straight session; has slid
~18% since listing on Aug 6, 2024

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))