Shares of Nuvoco Vistas surged 11% to Rs 446.3, while Chennai-based India Cements gained 9% to Rs 289.9. Kesoram Industries, Mangalam Cement, Sanghi Industries, and Gujarat Sidhee Cement jumped over 5% each. Ambuja Cement shares also gained 9.3% to Rs 564.9.
Offshore deals under I-T lens: Tiger Global vs government battle intensifies
In recent weeks, over a dozen foreign investors have received notices from India’s income tax department for allegedly skipping taxes on substantial transactions from 2018