EID Parry has signed an agreement with Synthite Industries (Synthite) for forming a Joint Venture Company for manufacture of Value Added Algae products. The company and Synthite will hold equity shares in the ratio of 50:50 in the proposed JV company. The company will be investing a sum not exceeding Rs 11 crore in the proposed JV company.
EID Parry is a significant player in Sugar with interests in promising areas of Bio Pesticides and Nutraceuticals. The company also has a significant presence in Farm Inputs business through its subsidiary, Coromandel International.
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 28.14 |
| Bajaj Hindusthan Sug | 18.80 |
| Triveni Engg. & Inds | 393.00 |
| Balrampur Chini Mill | 486.00 |
| Dalmia Bharat Sugar | 394.05 |
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