Mawana Sugars has offloaded its entire shareholding i.e. 31,29,994 equity shares of Rs 10 each fully paid up or 65.03% of the paid up capital in Mawana Foods (MFL), a subsidiary of the company at a price of Rs 26.12 per share to Usha International.
Accordingly, MFL ceased to be the subsidiary of the Mawana Sugars with effect from June 29, 2013.
Mawana Sugars has been engaged in the business of manufacture and selling of chemicals, sugar and edible oils. The company has at present two sugar divisions / units / undertakings viz. at Mawana Sugar Works (MSW) at Mawana, dist. Meerut and Titawi Sugar Complex (TSC) at Titawi, dist. Muzaffarnagar, both in Uttar Pradesh. Both the units are engaged in the business of manufacture and sale of sugar.
| 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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