SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Sakthi Sugars executes BTA for sale of Sugar and Distillery Units in Dhenkanal to Indian Potash

27 Jun 2022 Evaluate

Sakthi Sugars has executed a Business Transfer Agreement (BTA) for sale of Sugar and Distillery Units in Dhenkanal, Orissa State to Indian Potash, Seethakathi Business Centre, Anna Salai, Chennai (Purchaser) on a going concern on an 'As Is Where Is What Is' basis by way of a slump sale and specifically include the Assets, Liabilities and the Agreed Liabilities, except contingent Assets and contingent Liabilities, for a consideration of Rs 134.10 crore.

The Purchaser will participate in the management and operations of the Dhenkanal Units immediately on the execution of the BTA. The effective date of the Business Transfer Agreement is July 1, 2022 and the closing date of the transaction, after fulfilling the conditions precedent to closing, will be prior to September 30, 2022.

Sakthi Sugars is one of the largest producers of sugar in India. The products manufactured by the company includes White Crystal Sugar of grade S30, M30 and L 30.The By products include Molasses,Baggasse and Bio Compost. The company also in the business activities of Sugar, Power, Soya Products, Industrial Alcohol.

Sakthi Sugars Share Price

18.55 0.24 (1.31%)
17-Apr-2026 11:27 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×