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Shankara Building Products Ltd. ( (IN:SHANKARA) ) has issued an announcement.
Shankara Building Products Ltd. has announced the approval of a Scheme of Arrangement by the National Company Law Tribunal, Bengaluru Bench, which involves a demerger between Shankara Building Products Ltd. and Shankara Buildpro Ltd. This development is significant as it marks a strategic restructuring of the company’s operations, potentially impacting its market positioning and shareholder value. The demerger will be effective upon filing with the Registrar of Companies, and further details regarding the allocation of equity shares to eligible shareholders will be provided in due course.
More about Shankara Building Products Ltd.
Shankara Building Products Ltd. operates in the building materials industry, focusing on the supply of a wide range of construction and building products. The company is known for its extensive distribution network and caters to both retail and institutional customers across India.
Average Trading Volume: 67,690
Technical Sentiment Signal: Buy
Current Market Cap: 22.37B INR
For a thorough assessment of SHANKARA stock, go to TipRanks’ Stock Analysis page.