Parrys Sugar Industries, part of Murugappa Group, is planning to raise around Rs 60 crore through issuing preferential shares to the promoters or any other investors. In this regard, the company has received its members’ approval for the issue of 8% preference shares of Rs 10 each aggregating to a nominal amount upto Rs 60 crore from time to time in one or more traches to the promoters or to any other investors on terms and conditions determined by the Board of the Committee.
Parrys Sugar Industries (PSIL) is a distinguished and rapidly expanding sugar producer in India. PSIL, a subsidiary of EID Parry (India), is one of the fastest growing organizations in India. It has three sugar plants with a combined crushing capacity of 11,500 tonnes of cane per day (TCD).
