Sir Shadi Lal Enterprises has entered into a Definitive Agreement with Superior Foods Grains (P) Chandigarh to sell its sugar unit located at UNN, District Shamli, Uttar Pradesh on January 14, 2014. The transaction will be effected through a Slump Sale of all assets and liabilities of UNN Sugar Mill and is expected to be completed by March 31, 2014 subject to approval of shareholders by Postal Ballot and the approval of Government of Uttar Pradesh.
Earlier, the company’s board of directors at its meeting held on January 04, 2014, has approved the proposal to sell, transfer or otherwise dispose of one of the Sugar Unit of the Company namely Unn Sugar Complex.
Sir Shadi Lal Enterprises started its business in the year 1933 with a Sugar Factory, Upper Doab Sugar Mills with a cane crushing capacity of 600 TCD per day at Shamli, District Muzaffarnagar (UP).
Company Name | CMP |
---|---|
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Bajaj Hindusthan Sug | 32.70 |
Triveni Engg. & Inds | 332.40 |
Balrampur Chini Mill | 391.15 |
Dalmia Bharat Sugar | 383.00 |
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