Mumbai/IBNS, March 9 -- Shares of Meesho fell nearly 10 percent on Monday after the Income Tax Department of India issued an assessment order raising a tax demand of Rs.1,499.73 crore against the company, media reports said.

The tax demand pertains to the financial year 2023-24.

Following the development, the stock was trading about 10 percent lower at Rs.143.8.

Responding to the development, Meesho said it is currently evaluating the assessment order but does not agree with the adjustments made by the tax authorities.

Published by HT Digital Content Services with permission from India Blooms....