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EID Parry acquires balance 1% equity shares of Silkroad Sugar

04 Sep 2014 Evaluate

EID Parry India has acquired balance 1% of the equity shares of Silkroad Sugar from the existing shareholders on September 3, 2014. It was already holding 99% in the equity share capital of Silkroad Sugar, a subsidiary of the company. With this acquisition, Silkroad Sugar has become a wholly owned subsidiary of the company.

EID Parry India manufactures and markets a wide range of products such as sugar, bio-products and nutraceuticals. Today, the company is one of the Top 5 sugar producers in India and is on the path to sweetening more lives around the world.

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