SBEC Sugar has received approval to acquire 1,03,50,000 equity shares of Rs 10 each of SBEC Bioenergy from the Moderate Leasing & Capital Services at a total consideration of Rs 40.17 crore only, subject to the shareholders’ approval. The objective of acquisition is to make it wholly owned subsidiary of the Company. The Company currently holds 55% shares of SBEC Bioenergy. The Board of Directors of the Company at its meeting held on November 06, 2023, 2023 inter-alia has approved 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.
Company Name | CMP |
---|---|
Shree Renuka Sugar | 42.12 |
Bajaj Hindusthan Sug | 31.95 |
Triveni Engg. & Inds | 344.95 |
Balrampur Chini Mill | 375.75 |
Dalmia Bharat Sugar | 381.50 |
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