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The latest update is out from Bhagyanagar India Limited ( (IN:BHAGYANGR) ).
Bhagyanagar India Limited has announced the approval of a Composite Scheme of Arrangement involving 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 by listing the equity shares of the resulting company on major stock exchanges, subject to necessary approvals from regulatory and statutory authorities.
More about Bhagyanagar India Limited
Bhagyanagar India Limited is part of the Surana Group and operates in the industrial sector, primarily focusing on the production and distribution of copper products. The company is based in Hyderabad, India, and is ISO-9001-2008 certified, indicating a commitment to quality management standards.
Average Trading Volume: 14,849
Technical Sentiment Signal: Buy
Current Market Cap: 2.99B INR
Learn more about BHAGYANGR stock on TipRanks’ Stock Analysis page.