India's Panorama Studios falls after income tax officials visit premises
29/09/2026 05:41
BUZZ-India's Panorama Studios falls after income tax officials visit premises ** Shares of film production and distribution co Panorama Studios International PANM.NS drop 7.05% to 55.07 rupees
** Co said after market hours on Monday that officers from the income tax department's investigation wing were present at its premises
** Says officers arrived on Monday morning; co is currently unable to confirm subject matter or status of investigation
** Panorama says it will provide further clarification once proceedings are completed or when more information becomes available
** Stock up 12.1% since listing on August 17
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))