India's Ashoka Buildcon falls on search by tax authority

Ashoka Buildcon

12/06/2025 09:07

** Shares of Ashoka Buildcon ABDL.NS fall 2.5% to 212 rupees

** Goods & Services Tax department serves notice for search and seizure at company's Nashik office; co says search began on June 11

** Stock was flat ahead of the search announcement

** ABDL set to fall for a fourth straight session, dropping 5% in the period

** YTD, stock is down 32%

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))