CGST and Central Excise Department had carried out search operation at premises of the Mumbai-based Shemaroo Entertainment on September 5.
The Sensex was up 178.87 points or 0.29 percent at 61,940.20, and the Nifty was up 49.10 points or 0.27 percent at 18,315.10. About 1,783 shares advanced, 1,610 shares declined, and 146 shares remained unchanged.
Shemaroo's EBITDA margins have been consistently narrowing as the company focuses on building revenue growth via investment in content and by adding broadcasting channels.