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Shradha Infraprojects Ltd. Announces Strategic Rebranding and Investment Plans

Story Highlights
  • Shradha Infraprojects Ltd. plans to change its name to Shradha Realty Limited.
  • The company approved investment in its subsidiary, Mrugnayani Infrastructures, via preference shares.
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Shradha Infraprojects Ltd. Announces Strategic Rebranding and Investment Plans

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An update from Shradha Infraprojects Ltd. ( (IN:SHRADHA) ) is now available.

Shradha Infraprojects Ltd. announced the decision to change its name to Shradha Realty Limited, pending shareholder and regulatory approval, as part of its strategic repositioning in the real estate sector. Additionally, the company has approved an investment in its subsidiary, Mrugnayani Infrastructures Private Limited, through the acquisition of preference shares, and scheduled an Extra-Ordinary General Meeting to discuss these changes and other related transactions.

More about Shradha Infraprojects Ltd.

Shradha Infraprojects Ltd. operates in the infrastructure sector, focusing on real estate development and related services. The company is involved in various construction and development projects, catering to both residential and commercial markets.

Average Trading Volume: 63,288

Technical Sentiment Signal: Sell

Current Market Cap: 3.46B INR

See more insights into SHRADHA stock on TipRanks’ Stock Analysis page.

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