Smallcap stock jumps 4% after board approves demerger of industrial business

During Friday’s trading session, the shares of a pioneer in ball bearing manufacturing in India surged nearly 4.3 percent to Rs. 4,632 on BSE, after the company’s Board approved a Scheme of Arrangement for the demerger of its Industrial Business.  With a market cap of Rs. 22,331 crores, at 10:54 a.m., the shares of SKF … Continue reading Smallcap stock jumps 4% after board approves demerger of industrial business