ICICI Bank shares fall after GST officials search 3 offices
On the previous day, The State GST department took action under two sections of the Maharashtra GST Act, 2017.
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ICICI Bank Share Price Today: Shares of India's second-largest lender, ICICI Bank fell 0.23 per cent in the early session on December 5, 2024, after the Maharashtra GST department conducted a search operation in three branches.
As of 10:50 am, the stock fell as much as 0.23 per cent to Rs 1,312.20 from the previous close, a piece on the BSE website.
On the previous day, The State GST department took action under two sections of the Maharashtra GST Act, 2017.
The three offices of ICICI Bank have witnessed such operations.
"Please note that on December 4, 2024, GST authorities initiated a search at three offices of ICICI Bank. The proceedings are ongoing and the Bank is cooperating fully in providing data as per request placed," ICICI Bank said in a filing.
The GST department has made such operations under Sections 67(1) and 67(2) of the Maharashtra GST Act, 2017.
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