India's Transrail Lighting slips on tax searches at its factories, offices
25/03/2026 07:51
** Shares of Transrail Lighting TRNR.NS drop 2% to 487.95 rupees ** The power transmission lines developer says India's Income Tax department has been conducting searches at its offices and factories since Tuesday ** TRNR says its officers have been complying with the IT department ** Stock was up 2.6% ahead of the news ** So far this year, TRNR shares are down 12.3% (Reporting by Nandan Mandayam in Bengaluru) ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
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