MoneyWorks4Me

Shree Renuka Sugars jumps on issuing shares worth Rs 27.21 crore to SCB

09 Mar 2017 Evaluate

Shree Renuka Sugars is currently trading at Rs. 15.65, up by 0.40 points or 2.62% from its previous closing of Rs. 15.25 on the BSE.

The scrip opened at Rs. 15.40 and has touched a high and low of Rs. 15.95 and Rs. 15.40 respectively. So far 1205594 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 19.18 on 15-Jun-2016 and a 52 week low of Rs. 11.47 on 23-Dec-2016.

Last one week high and low of the scrip stood at Rs. 16.00 and Rs. 14.90 respectively. The current market cap of the company is Rs. 1488.76 crore.

The promoters holding in the company stood at 55.43%, while Institutions and Non-Institutions held 4.85% and 39.72% respectively.

Shree Renuka Sugars has allotted shares worth Rs 27.21 crore to Standard Chartered Bank (SCB) against the part-conversion of its loan. The allotment committee of the Board of Directors approved the allotment of 1,64,35,338 equity share of face value of Re 1 at a price of Rs 16.56 per equity shares aggregating to Rs 27,21,69,197.28 to SCB. As a result, the paid up share capital of the company stands increased from about Rs 92.88 crore to Rs 94.52 crore.

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

22.16 0.04 (0.18%)
07-Aug-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: