Symphony Limited ( (IN:SYMPHONY) ) has shared an announcement.
Symphony Limited’s board has approved exploring the divestment or monetization of its stakes in its Australian and Mexican subsidiaries, Climate Technologies Pty Limited and IMPCO S de R.I. de C.V. This move is part of a strategic shift to focus on more profitable markets and opportunities, particularly in India and other international markets like the USA, Brazil, and Europe. The company aims to enhance capital efficiency and shareholder value by reallocating resources and management focus from these subsidiaries to more promising ventures. This decision is also influenced by the higher capital intensity and lower return on capital employed from these subsidiaries, which have been diluting the company’s overall performance.
More about Symphony Limited
Symphony Limited operates in the cooling solutions industry, offering products such as air coolers and other climate control technologies. The company focuses on high-growth and high-profitability opportunities within India and international export markets, aiming to enhance shareholder value through strategic initiatives.
YTD Price Performance: -13.15%
Average Trading Volume: 7,781
Current Market Cap: 75.88B INR
Learn more about SYMPHONY stock on TipRanks’ Stock Analysis page.