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The Economic Times

Business / The Economic Times

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Meesho shares plunge 10% on Rs 1,500 crore tax demand; down 44% from Dec high

Shares of Meesho fell 10% to hit the lower circuit after the company revealed a Rs 1,500-crore tax demand from the Income Tax Department, nearly half of its Q3 operating revenue. The demand relates to the 2023-24 assessment year. Meesho said it disagrees with the order and is evaluating legal and factual grounds to contest it.

9 Mar 2026 2:33 pm