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The latest update is out from Carborundum Universal Limited ( (IN:CARBORUNIV) ).
Carborundum Universal Limited has received no-objection approvals from the National Stock Exchange of India and BSE Limited for the reclassification of Coromandel Engineering Company Limited and Yanmar Coromandel Agrisolutions Private Limited from its promoter group. This reclassification aligns with the requests made by these entities and reflects a strategic shift in the company’s stakeholder composition, potentially impacting its governance and market perception.
More about Carborundum Universal Limited
Carborundum Universal Limited operates in the manufacturing sector, focusing on the production of abrasives, ceramics, and electro-minerals. The company is known for its diverse range of industrial products that cater to various sectors, including engineering, construction, and automotive industries.
Average Trading Volume: 11,447
Technical Sentiment Signal: Sell
Current Market Cap: 169.3B INR
For a thorough assessment of CARBORUNIV stock, go to TipRanks’ Stock Analysis page.