Rajshree Sugars & Chemicals is reportedly in talks with Natems Sugar, a Hyderabad-based company, to sell its subsidiary company ‘Trident Sugar’. Natems is in advanced stage of negotiations and is carrying out the due-diligence; an announcement is likely in a week or 10 days.
Rajshree Sugars, based in Coimbatore, Tamil Nadu, acquired Trident Sugars in 2006, and it is one of the four sugar mills it operates. The other three units are in Tamil Nadu. It had announced the sale of the subsidiary as part of a Corporate Debt Restructure activity.
Trident Sugar operates a standalone sugar mill with a capacity to crush 3,000 tonnes sugarcane daily at Medak district in Telangana. There is provision to expand the facility.
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Company Name | CMP |
---|---|
Shree Renuka Sugar | 42.95 |
Bajaj Hindusthan Sug | 30.89 |
Triveni Engg. & Inds | 327.45 |
Balrampur Chini Mill | 374.00 |
Dalmia Bharat Sugar | 362.45 |
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