SBEC Sugar has received an approval for acquisition of the 1,08,85,648 Unsecured Compulsory Convertible Debentures (CCD) of the face value of Rs 10 each of SBEC Stockholding and Investment from the SBEC Bioenergy at a total consideration of Rs 34.60 only. Objects and effects of acquisition is to owns the ultimate control of the SBEC Stockholding & Investment. The Board of Directors of the company at its meeting held on April 22, 2023 inter-alia has approved to the same.
SBEC Sugar is engaged in the 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.
