Manaksia
62.62
-0.47(-0.74%)
Market Cap₹410.37 Cr
PE Ratio8.21
Company Performance:
1D-0.74%
1M+0.59%
6M-14.30%
1Y-25.65%
5Y+12.83%
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More news about Manaksia
26Mar 25
Manaksia Limited Unveils Strategic Demerger Plan with Manaksia Ferro Industries
Manaksia Limited's Board has approved a scheme to demerge its Metal Products Business into Manaksia Ferro Industries Limited (MFIL). The demerger involves transferring operations, including those of subsidiary Mark Steels Limited, to MFIL. Shareholders will receive 1 MFIL share for each Manaksia Limited share. The demerged undertaking represents 99.41% of standalone and 46.96% of consolidated turnover for FY 2024. This move aims to enhance business focus, unlock shareholder value, improve capital access, and boost operational efficiency. The scheme awaits regulatory approvals, with MFIL shares to be listed on BSE and NSE post-demerger.
Manaksia
62.62
-0.47
(-0.74%)
1 Year Returns:-25.65%
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