The Income Tax Department is carrying out a survey at Marico, according to sources.
The department’s Mumbai investigation unit is directing the exercise, which is being conducted across Marico’s offices and facilities in different parts of the country.
More than 200 officers are taking part in the survey.
Details of the investigation are awaited.
Marico Ltd shares were trading at ₹717.30, down 0.91% or ₹6.60, as of 17 Sept, 10:52 am.