Dhampur Sugar Mills acquires 51% stake in DETS

Dhampur Sugar Mills has received an approval for acquisition of 4,28,400 equity shares of DETS, constituting 51% of equity share capital at Rs 33 per equity share. Consequently, DETS has become subsidiary of the company with effect from October 03, 2016. The finance sub-committee of directors of the company at its meeting held on October 03, 2016 has approved for the same.

DETS, a company incorporated under Indian Companies Act, is in the business of engineering and technical services and fabrication and supplying engineering goods in India and Abroad.

Dhampur Sugar Mills is engaged in manufacturing sugar, ethanol, chemicals and plantation white sugar.