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Sai Life Sciences Faces Tax Demand, Plans Appeal

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Sai Life Sciences Faces Tax Demand, Plans Appeal

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SAI Life Sciences Ltd. ( (IN:SAILIFE) ) has issued an announcement.

Sai Life Sciences Ltd. has received an order from the Joint Commissioner of Commercial Taxes (Appeals) regarding a demand for IGST, interest, and penalty related to intermediary services received from its subsidiary in the USA. The company plans to appeal the order and does not anticipate any material financial impact from this development.

More about SAI Life Sciences Ltd.

Sai Life Sciences Ltd. operates in the pharmaceutical industry, focusing on providing contract research, development, and manufacturing services to global pharmaceutical and biotechnology companies.

Average Trading Volume: 66,879

Technical Sentiment Signal: Strong Buy

Current Market Cap: 181.7B INR

For detailed information about SAILIFE stock, go to TipRanks’ Stock Analysis page.

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