Shree Renuka Sugars has received an approval for the amalgamation of the company’s wholly owned overseas subsidiary, Renuka Commodities DMCC, UAE, into itself. The board of company at its meeting held on March 21, 2013 has considered and approved for the same.
The scheme of amalgamation is subject to the approval of the shareholders, stock exchanges, creditors, sanction of the High Court of Karnataka at Bangalore, pursuant to the provisions of the Companies Act, 1956 and all statutory and regulatory authorities, as applicable.
Shree Renuka Sugars is one of the largest private sector sugar manufacturers in the country, promoted by first generation entrepreneurs, viz. Murkumbi family, with a combined crushing capacity of about 35,000 TCD (across seven units) in India and 59,520 TCD (across four units) in Brazil.
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 28.14 |
| Bajaj Hindusthan Sug | 18.80 |
| Triveni Engg. & Inds | 393.00 |
| Balrampur Chini Mill | 486.00 |
| Dalmia Bharat Sugar | 394.05 |
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