Mawana Sugars has received an approval for purchase of the entire shareholding of Mawana Foods (MFPL) held by Usha International (UIL) at a total consideration of Rs 24.83 crore subject to approval of Shareholders. The board of directors at its meeting held on February 20, 2018 approved the same.
Mawana Sugars has been engaged in the business of manufacture and selling of chemicals, sugar and edible oils.