Shankara Buildpro is looking to accelerate growth through various acquisitions said Sukumar Srinivas MD of the company.

"We have done a couple of acquisitions in the last three months and we found that it is a fairly good model," Srinivas said.

Shankara Buildpro has rebounded more than 17% from day's low.

“This is more of a market phenomenon and probably driven by random rumours," he said. Srinivas assured all investors that everything is going well and nothing unusual is happening.

“We are looking to raise in the region of around Rs 200-250 crore because we have seen that the market is very ripe and in our areas, there are a lot of opportunities to buy out businesses." he added.

First Published:May 31, 2018 3:07 PM IST