Shree Renuka Sugars is currently trading at Rs. 21.90, up by 0.15 points or 0.69 % from its previous closing of Rs. 21.75 on the BSE.
The scrip opened at Rs. 22.10 and has touched a high and low of Rs. 22.20 and Rs. 21.80 respectively. So far 720383 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 24.50 on 28-Oct-2013 and a 52 week low of Rs. 14.50 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 22.30 and Rs. 21.60 respectively. The current market cap of the company is Rs. 1473.55 crore.
The promoters holding in the company stood at 38.36 % while Institutions and Non-Institutions held 21.23 % and 40.41 % respectively.
The Competition Commission of India (CCI) has cleared Singapore-based Wilmar Sugar Holdings’ proposed plan to purchase shares in Renuka Sugars, stating that the deal will not have an adverse impact on competition in India. Under the proposed deal, Wilmar would purchase shares of Renuka Sugars, a domestic firm, pursuant to a preferential allotment and a consequential open offer to the shareholders.
Shree Renuka Sugars operates 11 sugar mills in India and Brazil with a total crushing capacity of 20.7 million tonnes per annum and two port-based refineries with sugar production capacity of 1.7 million tonnes per year.
