New Delhi, May 11 (PTI) The Income Tax department on Thursday conducted searches on the premises of Mankind Pharma over allegations of tax evasion, official sources said.

The department is searching the company premises in Delhi and nearby locations, documents are being checked and people are being questioned, they said.

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The company made its debut on the stock exchanges on Tuesday. It also launched its IPO this year.

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.

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Email sent to the company for a reaction in the matter has not elicited any response.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)