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Shanthi Gears Limited ( (IN:SHANTIGEAR) ) has provided an update.
Shanthi Gears Limited’s board has approved the reclassification of Algavista Greentech Private Limited from the promoter group category, after confirming its eligibility under the SEBI Listing Regulations. Algavista Greentech currently holds no shares in the company, and the reclassification, which remains subject to no-objection from the stock exchanges, is largely procedural but clarifies the company’s updated promoter group structure for investors and regulators.
More about Shanthi Gears Limited
Shanthi Gears Limited is an Indian listed company engaged in the manufacture of gears and related power transmission products, catering to industrial applications across sectors through its presence on both the National Stock Exchange of India and BSE.
Average Trading Volume: 1,938
Technical Sentiment Signal: Hold
Current Market Cap: 32.24B INR
For an in-depth examination of SHANTIGEAR stock, go to TipRanks’ Overview page.