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An update from Shankara Building Products Ltd. ( (IN:SHANKARA) ) is now available.
Shankara Building Products Ltd. has announced the effectiveness of a Scheme of Arrangement involving its demerger into Shankara Buildpro Ltd. The scheme, effective from April 1, 2024, aims to streamline operations and potentially enhance shareholder value. The record date for determining eligible shareholders for equity shares in Shankara Buildpro Ltd. will be announced later, indicating a strategic move to optimize corporate structure and focus.
More about Shankara Building Products Ltd.
Shankara Building Products Ltd. operates in the building materials industry, focusing on providing a wide range of products for construction and infrastructure development. The company is known for its extensive network and market presence in India, catering to both retail and institutional customers.
Average Trading Volume: 31,296
Technical Sentiment Signal: Buy
Current Market Cap: 24.76B INR
For a thorough assessment of SHANKARA stock, go to TipRanks’ Stock Analysis page.