Shankara Buildpro to List on Jan 9, 2026 After Demerger; Boost for Shareholders

Business
M
Moneycontrol•07-01-2026, 22:37
Shankara Buildpro to List on Jan 9, 2026 After Demerger; Boost for Shareholders
- •Shankara Buildpro Limited, formed after the demerger of Shankara Building Products Ltd, will list on BSE and NSE on January 9, 2026.
- •The listing follows court-approved Scheme of Arrangement and stock exchange approvals for equity share trading.
- •This move aims to create better transparency and value discovery for shareholders, allowing both entities to focus on core businesses.
- •Shareholders of Shankara Building Products received one share of Shankara Buildpro for every share held; the record date was September 23, 2025.
- •Post-demerger, 65.81% of the value is assigned to Shankara Buildpro, and 34.19% remains with Shankara Building Products.
Why It Matters: Shankara Buildpro's listing on Jan 9, 2026, promises enhanced shareholder value and business focus.
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