SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Shree Renuka Sugars to sell 5% stake in NCDEX

24 Jun 2016 Evaluate

In order to sell its non-core business, Shree Renuka Sugars (SRSL) has entered into a share sale agreement with a large Mauritius-based fund to sell its 5% remaining stake in the National Commodity and Derivatives Exchange (NCDEX). The company would get Rs 55 crore from this deal at an estimated enterprise value of Rs 1,100 crore for NCDEX. It is waiting for Securities and Exchange Board of India (Sebi) approval, which would allow the company to fully exit NCDEX.

Shree Renuka Sugars is a global agribusiness and bio-energy corporation. The company is one of the largest sugar producers in the world, the leading manufacturer of sugar in India, and one of the largest sugar refiners in the world.

Shree Renuka Sugar Share Price

28.14 0.22 (0.79%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×