New Delhi, Nov. 19 -- Shares of renewable energy firm Waaree Energies fell over 5% to Rs.3,089 on Wednesday after the company said that some officials from the Income Tax (I-T) Department visited their offices and facilities to undertake an investigation.

In an exchange filing on Tuesday, Waaree Energies said, "We hereby inform that today certain officials of the Income Tax Department visited some of the Company's offices and its facilities in India for conducting investigation under the Income Tax Act, 1961. The proceedings are underway and the Company is extending its full co-operation to the officials. The company further informed that the proceedings are ongoing and that it is fully cooperating with the authorities involved."

As per...