India's Bombay Burmah Trading Corp down after state tax authority initates search

Bombay Burmah Trading,

15/03/2024 04:04

** Shares of Bombay Burmah Trading Corp  BBRM.NS  down 1.6%
at 1,601.25 rupees
    ** Wadia Group-owned co said on Thursday Maharashtra state
tax authority initated search at co's office
    ** Stock had fallen as much as 2.7% before paring some
losses
    ** BBRM on track for first monthly decline since Aug. 2023
if trend holds; down 8.5% so far in March

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))