Symphony Limited ( (IN:SYMPHONY) ) has issued an announcement.
Symphony Limited has announced a strategic initiative to explore the divestment or monetization of stakes in its Australian and Mexican subsidiaries, Climate Technologies Pty Limited and IMPCO S de R.L. de C.V. This move aims to refocus the company’s management efforts on high-growth and higher-profitability opportunities within India and other international markets, enhancing shareholder value. The decision is driven by the high capital and resource intensity of these subsidiaries, which dilute the company’s consolidated return on capital employed. Symphony plans to leverage its innovation and strong brand to succeed in target overseas markets, while also expanding into adjacent product categories.
More about Symphony Limited
Symphony Limited is an Indian multinational company and the world’s largest air cooler manufacturer, with a presence in over 60 countries. Known for its innovations and energy responsibility, Symphony leads the market in providing comfort cooling solutions across residential, industrial, and commercial segments.
YTD Price Performance: -13.15%
Average Trading Volume: 7,781
Current Market Cap: 75.88B INR
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