Rajshree Sugars & Chemicals has entered into a share purchase agreement with the prospective buyer, for the sale of the wholly-owned subsidiary Company Trident Sugars, having the sugar factory at Telangana. As per the said agreement, the prospective buyer is expected to close the sale transaction by March 31, 2017.
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.