Prataap Snacks shares slip 4% after GST department searches companys manufacturing unit in Bengaluru
Prataap Snack share price NSE: A search and seizure action was taken by the GST department on September 25, the company informed stock exchanges on September 26.
Prataap Snack share price NSE: Prataap Snack shares on Wednesday, September 27, slipped over 4 per cent to touch the day's low of Rs 839.95 on NSE, after the Goods and Service Tax (GST) department searched the company's manufacturing unit in Bengaluru. A search and seizure action was taken by the GST department on September 25, the company informed stock exchanges on September 26.
"We write to inform you that GST Authority has conducted a search and seizure under the Central Goods and Services Tax Act, 2017 (CGST Act) and Rules made thereunder on 25th September 2023 in one of our manufacturing units located at No. 260, Bommasandra Jigani Link Road, Jigani Hobli, Anekal Taluk, Bengaluru (Bangalore) – 560 105, Karnataka," the company regulatory filing on exchanges read.
Here's how the stock moved on Wednesday:
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