Manbro Industries Limited has announced a board meeting on the execution of a Partnership Deed to acquire a 51% stake in Shivam Pipes Industries, making it a subsidiary.

This strategic move expands Manbro’s operational footprint and control in the pipe manufacturing sector, potentially enhancing its business scale and market presence.

The acquisition aligns with the company’s growth plans and could positively impact shareholder value by consolidating operations under its umbrella.