Shankara Building Products closes retail store in Uttarahalli, Bengaluru; Stock ends lower

The company has identified some retail stores where it does not find substantial scale-up opportunities in the medium term.

Jun 25, 2021 04:06 IST India Infoline News Service

Shankara Building Products Limited informed the exchanges Friday that as part of the operations rationalization program, the company has identified some retail stores where it does not find substantial scale-up opportunities in the medium term.

In this context, the company has decided to close a retail store in Uttarahalli (Bengaluru). “The net store count after these measures will stand at 90 stores,” it said.

Shankara Building Products Ltd ended at Rs437.80 per piece down by Rs5.25 or 1.18% from its previous closing of Rs443.05 per piece on the BSE.

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