Ajmera Group has announced the re branding of Shree Precoated Steels Limited, the listed entity of the group and other group companies as Ajmera Realty & Infra India Limited, which would have two focused divisions looking into steel and real estate.

Mr OP Gandhi CFO of Ajmera Realty & Infra India Limited said that "Ajmera over the years has evolved itself into a brand to reckon with. The new entity, Ajmera Reality & Infra India Limited will continue the group legacy by extending the Ajmera name to the diverse interests that group has in field of real estate and steel."

It has procured the necessary approvals from the government. The name change will take effect in different statutory authorities in due course of time. BSE has recently promoted the scrip to Group 'A' category looking at its volume and shareholders interest.

Ajmera Realty & Infra India Limited, formerly known as Shree Precoated Steel Limited is one of the market leaders in both steel and real estates sectors. It is leading manufacturer of cold rolled steels. It also has a global technological collaboration with ThyssenKrupp steel. It has been in the business of real estate development for more than 4 decades and has pioneered many new projects in Mumbai.