Manaksia Limited — JV/Acquisition, 29-07-2025: Demerger

Manaksia Ltd. is progressing with its demerger! Both NSE and BSE have given their nod for the scheme, which will spin off the 'Ferro Industries' business into a new, separate entity: Manaksia Ferro Industries Ltd. (MFIL). This strategic move aims to sharpen focus on distinct operations and unlock greater value for shareholders. Once NCLT approves, MFIL is slated for a separate listing, offering investors direct ownership in this specialized segment. Expect Manaksia shareholders to receive shares in the newly formed MFIL.