Shree Renuka sweetens up on the buzz of Wilmar’s plans of stake acquisition

Shree Renuka Sugars Ltd. | Sugar | Agriculture & Allied activities | BSE: 532670 | NSE: RENUKA

20 Feb 2014 Evaluate

Shree Renuka Sugars is currently trading at Rs. 22.20, up by 0.50 points or 2.30% from its previous closing of Rs. 21.70 on the BSE.

The scrip opened at Rs. 22.10 and has touched a high and low of Rs. 22.90 and Rs. 22.10 respectively. So far 1424855 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 29.50 on 20-Feb-2013 and a 52 week low of Rs. 14.50 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 21.85 and Rs. 19.35 respectively. The current market cap of the company is Rs. 1490.33 crore.

The promoters holding in the company stood at 38.36%, while Institutions and Non-Institutions held 19.49 % and 42.16% respectively.

Singapore-based agribusiness major Wilmar International is reportedly close to finalizing an agreement to buy up to 30% stake in country’s largest sugar refiner Shree Renuka Sugars. Further, the deal is likely to be announced shortly. Shree renuka's stake buy will pave the way for Wilmar's entry into important sugar markets, such as Brazil and India. While, the induction of a foreign partner would provide financial and business strength to Shree Renuka to handle the volatilities of the commodity business. The deal will help Shree Renuka also to cut debt of Rs 8477 crore arising out of expensive acquisitions in Brazil in 2010

Earlier, the Singapore based company was reportedly planning to buy 25% stake in Shree renuka Sugar. As per the deal, the Murkumbi family promoted company was to issue fresh shares equivalent to 25% of Renuka's capital at Rs 33 per share valuing the deal at Rs 2,900 crore.

Shree Renuka Sugars is one of the largest private sector sugar manufacturers in the country, promoted by first generation entrepreneurs, viz. Murkumbi family, with a combined crushing capacity of about 35,000 TCD (across seven units) in India and 59,520 TCD (across four units) in Brazil.

Shree Renuka Sugar Share Price

27.60 -0.96 (-3.36%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Shree Renuka Sugar	27.60
Bajaj Hindusthan Sug	19.79
Triveni Engg. & Inds	402.15
Balrampur Chini Mill	522.95
Dalmia Bharat Sugar	384.80
View more..

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