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

27 Sep 2023 Evaluate

Shree Renuka Sugars has entered into a the Share Purchase Agreement (SPA), dated September 26, 2023, with Anamika Sugar Mills (Anamika) for acquisition of 100% of the equity shares of Anamika.

The objective of acquisition is to establish presence in Uttar Pradesh, one of the largest sugar producing states and to cater to the markets of North and East India.The acquisition of Anamika would enable the company to gain access to existing sugarcane catchment area with a significant reduction in lead time for setting up the plant in Uttar Pradesh and easy access to skilled/unskilled labour. 

Shree Renuka Sugars is a fully integrated player focused on manufacturing and marketing of sugar, power and ethanol.

Shree Renuka Sugar Share Price

28.95 0.34 (1.19%)
23-Apr-2026 16:59 View Price Chart
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