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Wilmar Sugar Holdings hikes stake in Shree Renuka Sugars

22 Sep 2020 Evaluate

Shree Renuka Sugars’ board of directors has considered and approved the allotment of 21,16,70,481 equity shares of Re 1 per share, for cash at a price of Rs 8.74 per share aggregating to Rs 185 crore on preferential basis to Promoter -- Wilmar Sugar Holdings Pte.

Shree Renuka Sugars is a fully integrated player focused on manufacturing and marketing of sugar, power and ethanol.

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