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The latest update is out from Mukand Limited ( (IN:MUKANDLTD) ).
Mukand Limited announced that the National Company Law Tribunal, Mumbai Bench, has sanctioned a Scheme of Arrangement for the demerger of its wholly-owned subsidiary, Mukand Sumi Metal Processing Limited. This demerger involves the transfer of the Stainless Steel Cold Finished Bars and Wires Undertaking, which accounted for 12.55% of the company’s turnover in the last financial year. The strategic move aims to optimize operations, enhance value creation, and support business growth and development.
More about Mukand Limited
Mukand Limited operates in the manufacturing industry, focusing on stainless steel products. Its primary products include stainless steel cold finished bars and wires, with a market focus on downstream operations such as normalizing, annealing, drawing, peeling, grinding, pickling, and coating.
YTD Price Performance: -24.08%
Average Trading Volume: 24,026
Current Market Cap: 14.48B INR
For an in-depth examination of MUKANDLTD stock, go to TipRanks’ Stock Analysis page.