Shree Renuka Sugars Ltd to issue 2,11,670,481 Equity Shares at Rs. 8.74

The Board of Directors of Shree Renuka Sugars Limited at its meeting held today i.e. 7th August 2020, has approved the issue of up to 2,11,670,481 Equity Shares of Re. 1/- per share for cash at a price of Rs. 8.74 per share aggregating to Rs. 185 Crores (Rupees One Hundred and Eighty Five Crores only) on preferential basis to our Promoter, Wilmar Sugar Holdings Pte Ltd. subject to the approval of the shareholders of the Company. The main objects of the issue is for redemption of preference shares issued by the company, subject to approval of the board of directors of the company and general corporate purposes.

Shares of SHREE RENUKA SUGARS LTD. was last trading in BSE at Rs.9.25 as compared to the previous close of Rs. 8.81. The total number of shares traded during the day was 195657 in over 235 trades.

The stock hit an intraday high of Rs. 9.25 and intraday low of 8.76. The net turnover during the day was Rs. 1786846.

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