The streaming pioneer s shares were trading at a more than two-year high. The company was set to increase its market value by more than $20 billion, if the gains from early trading hold.
Netflix shares rose to $396.20, putting them on course for the biggest one-day percentage gain in nearly three years, with the company on track to add more than $22 billion to its market capitalization.
The tax authorities have reportedly attributed an income of approximately Rs 55.25 crore ($6.73 million) to Netflix's permanent establishment in India in the assessment year 2021-22