SBEC Sugar has received an approval for the proposed scheme of amalgamation of SBEC Bioenergy, a wholly owned subsidiary company with itself. The board at its meeting held on September 24, 2011 has approved for the same. The amalgamation was approved under sections 391-394 of the Companies Act, 1956.
Further, the scheme is subject to approval of shareholders and creditors of the companies and also subject to the sanction of High Court of Uttar Pradesh at Allahabad.
SBEC Sugar is engaged in in manufacturing & marketing of sugar, pharmaceutical grade sugar and other speciality sugar products, e.g coffee sugar, half spoon low calorie sugar, quick dissolve sugar, flavoured sugar for tea, icing sugar for baking etc. The above products are available under the brand ‘Originale’ & ‘Modi’.
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 29.68 |
| Bajaj Hindusthan Sug | 20.67 |
| Triveni Engg. & Inds | 417.30 |
| Balrampur Chini Mill | 530.50 |
| Dalmia Bharat Sugar | 406.75 |
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