Shree Renuka Sugars has received approval to enter into binding agreements for acquisition of 100% of the equity shares of Anamika Sugar Mills (Anamika), a sugar manufacturing company located in Uttar Pradesh, India; and, subsequent infusion of up to Rs 110 crore in Anamika by way of subscription to equity shares of Anamika for the purpose of redemption of 100% of the outstanding cumulative redeemable preference shares (CRPS) issued by Anamika in favour of SICPA India.
The Board has also approved the raising of funds through issue of unsecured, non-convertible debentures by private placement. The Board of Directors of the company in its meeting held on September 23, 2023, has approved the same.
Shree Renuka Sugars is a fully integrated player focused on manufacturing and marketing of sugar, power and ethanol.
| 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 |
| View more.. | |
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