Surya Roshni Ltd Shares Rise Amid Buzz Around Proposed Business Demerger
New Delhi [India], May 14: Shares of Surya Roshni Ltd have witnessed a sharp rally in recent trading sessions amid market speculation that the company may be planning a demerger...
New Delhi [India], May 14: Shares of Surya Roshni Ltd have witnessed a sharp rally in recent trading sessions amid market speculation that the company may be planning a demerger of its business operations into two separate entities.
According to sources familiar with the development, the proposed restructuring could involve separating the company’s lighting business and steel pipe business into independent business units. While there has been no official confirmation from the company so far, the buzz surrounding the possible demerger has triggered strong investor interest in the stock.