Rajshree Sugars advances on inking share purchase agreement to sell its Trident Sugars

28 Nov 2016 Evaluate

Rajshree Sugars & Chemicals is currently trading at Rs. 60.00, up by 3.00 points or 5.26% from its previous closing of Rs. 57.00 on the BSE.

The scrip opened at Rs. 59.50 and has touched a high and low of Rs. 61.50 and Rs. 59.10 respectively. So far 3,713 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.75 on 16-Jun-2016 and a 52 week low of Rs. 19.70 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 61.50 and Rs. 50.60 respectively. The current market cap of the company is Rs. 169.00 crore.

The promoters holding in the company stood at 47.83%, while Institutions and Non-Institutions held 0.04% and 52.13% respectively.

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.


Rajshree Sugars&Chem Share Price

57.76 1.12 (1.98%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Shree Renuka Sugar 39.72
Bajaj Hindusthan Sug 29.03
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Dalmia Bharat Sugar 339.05
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