In today’s briefing:
- Event Driven: Shankara Building Products, A Demerger Play
- Schloss Bangalore Pre-IPO – Diversified Luxury Portfolio but Comes with High Debt
- Lucror Analytics – Morning Views Asia
- RRII And ATMA Make Rubber Inroads In Northeast
Event Driven: Shankara Building Products, A Demerger Play
- Shankara Building Products L (SHANKARA IN) plans to demerge its steel manufacturing and building materials marketplace, enabling each business to operate independently with tailored leadership and capital allocation strategies.
- This separation allows for targeted expansions in non-steel product lines and dedicated manufacturing improvements, potentially raising margins and fueling profitable growth in India’s booming construction market.
- Focused leadership, improved transparency, and strategic capital deployment could enhance investor confidence, offering significant upside as Shankara refocuses on high-growth segments and streamlines its operations post-demerger.
Schloss Bangalore Pre-IPO – Diversified Luxury Portfolio but Comes with High Debt
- Schloss Bangalore Ltd (SCHBL IN) is looking to raise about US$600m in its upcoming India IPO.
- It is a luxury hospitality company which owns, operates, manages and develops luxury hotels and resorts under ‘The Leela’ brand, through direct ownership and hotel management agreements with third-party owners.
- In this note, we talk about the company’s historical performance.
Lucror Analytics – Morning Views Asia
- In the US, the December CPI edged higher to 2.9% y-o-y (2.9% e / 2.7% p) and 0.4% m-o-m (0.4% e / 0.3% p), the fastest monthly pace since March 2024.
- That said, core CPI (excluding food and energy) eased marginally to 3.2% y-o-y (3.3% e / 3.3% p) and 0.2% m-o-m (0.3% e / 0.3% p).
- Core CPI eased on a m-o-m basis for the first time in six months, after standing at 0.3% for four consecutive months.
RRII And ATMA Make Rubber Inroads In Northeast
- RRII’s new clone RRII 417 to give yield of 2080 kg/ha a year
- INROAD project covers 1,25,272 hectares in four years in NE
- Northeast share of national production to go up to 32%
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