Sanghvi Movers Limited appoints Bain & Co. as Business Strategy Consultant

Sanghvi Movers Limited has appointed Bain & Company Private Limited as Business Strategy Consultant to explore growth opportunities and build the next chapter of growth (Engine 2). Engine 2 is defined as businesses beyond SML's core, including any global opportunities within the current businesses and will build on the company's vision by leveraging core capabilities. The engagement aims to capitalize on the extensive expertise of Bain & Company Private Limited to devise and implement robust business strategies that are aligned with our long-term objectives and intended to enhance shareholder value.

The mandate includes investing the Company's surplus cash generated over the last few quarters and a portion of additional free cash flows that would be generated over the next two financial years. The tenure of engagement with Bain would be for twelve months and the engagement would be split in two phases of ideation and incubation.

Shares of Sanghvi Movers Limited was last trading in BSE at Rs. 1093.80 as compared to the previous close of Rs. 1120.20. The total number of shares traded during the day was 38928 in over 3821 trades.

The stock hit an intraday high of Rs. 1140.90 and intraday low of 1085.20. The net turnover during the day was Rs. 43302464.00.

Source : Equity Bulls

Keywords

SanghviMovers INE989A01024 BainandCo BusinessStrategyConsultant