The Income Tax department on Thursday conducted searches on the premises of Mankind Pharma over allegations of tax evasion, reported PTI quoting official sources said.
The department is searching the company premises in Delhi and nearby locations, documents are being checked and people are being questioned reported PTI.
The company is engaged in developing, manufacturing and marketing a diverse range of pharmaceutical formulations across various acute and chronic therapeutic areas, as well as several consumer healthcare products.
The share of Mankind Pharma fell by 6 per cent on Thursday after the company made sharp gains post the market listing.
The company made its debut on the stock exchanges on Tuesday. It also launched its IPO this year.
With inputs from PTI
