Shankara Building Products has received an approval for further capital raising by way of issuance of securities up to an amount not exceeding Rs 300 crore, as may be permitted under applicable law, including by way of a qualified institutions placement, private placement / public issue of equity securities, preferential issue or through any other mode and / or a combination thereof as may be considered appropriate. The Board of Directors of the company at their meeting held on May 10, 2018, approved the same.
Shankara Building Products is one the leading organized retailers of home improvement and building products in India based on number of stores, operating under the brand name Shankara Buildpro.
