EID Parry India, the largest sugar manufacturer in Tamil Nadu, has signed a share purchase agreement (SPA) with the existing stakeholders - A Membership Units of US Nutraceuticals LLC, a subsidiary of the company, for increasing the stake by purchase of additional units. Pursuant to this purchase, the total stake of the company in US Nutraceuticals LLC would be increased from 51% to 100%. Consequent to this, US Nutraceuticais LLC would become a subsidiary with 100% voting rights.
Recently, the company had completed the acquisition of balance 1,40,500 equity shares of Rs 10 each in Sadashiva Sugars (SSL) and with this acquisition, the company holds the entire 6,02,70,018 equity shares of Rs 10 each of SSL and the shareholding stands increased to 100%. Consequent to this SSL had become a wholly owned subsidiary (WOS) of the company.
EID Parry manufactures and markets a wide range of products such as sugar, bio-products and nutraceuticals. Today, the company is one of the Top 5 sugar producers in India and is on the path to sweetening more lives around the world.
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 27.90 |
| Bajaj Hindusthan Sug | 18.25 |
| Triveni Engg. & Inds | 393.40 |
| Balrampur Chini Mill | 515.90 |
| Dalmia Bharat Sugar | 392.50 |
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