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Bhagyanagar India Limited ( (IN:BHAGYANGR) ) has provided an update.
Bhagyanagar India Limited’s Board of Directors has approved a Composite Scheme of Arrangement, which includes the amalgamation of Bhagyanagar Copper Private Limited with Bhagyanagar India Limited and the demerger of a specific undertaking to Tieramet Limited. This strategic move aims to streamline operations and enhance market positioning, with plans to list Tieramet Limited on major stock exchanges, subject to regulatory approvals.
More about Bhagyanagar India Limited
Bhagyanagar India Limited is a part of the Surana Group and operates in the industrial sector, primarily focusing on copper products and related services. The company is headquartered in Hyderabad, India, and is known for its involvement in manufacturing and trading activities within the copper industry.
Average Trading Volume: 14,849
Technical Sentiment Signal: Buy
Current Market Cap: 2.99B INR
For an in-depth examination of BHAGYANGR stock, go to TipRanks’ Overview page.