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Shree Renuka Sugars to acquire 100% stake in Anamika Sugar Mills

25 Sep 2023 Evaluate

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.


Shree Renuka Sugar Share Price

28.14 0.22 (0.79%)
17-Apr-2026 16:59 View Price Chart
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