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Parrys Sugar to issue preference shares up to Rs 100 cr

03 Jun 2011 Evaluate

Parrys Sugar Industries plans to issue preference shares to promoters up to Rs 100 crore and it will also increase the authorised capital by Rs 100 crore. The company would issue of 8% preference shares of Rs 10 each aggregating to a nominal amount not exceeding Rs 100 crore to the promoters or such other investors.

The Bangalore-headquartered company is a subsidiary of EID Parry (India) and has three sugar plants with a combined crushing capacity of 11,500 tonnes of cane per day (TCD).

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