KM Sugar Mills to acquire additional 80.18% stake in Sonar Casting

12 Oct 2020 Evaluate

KM Sugar Mills is going to acquire additional 80.18% stake in Sonar Casting. With this acquisition, the total holding of the company in the equity shares of Sonar Casting shall be increased from 19.82% to 100%. Consequently, Sonar Casting shall become Wholly Owned Subsidiary of the company. The process of said acquisition will be completed on October 20, 2020.

KM Sugar Mills manufactures and sells sugar products. The company also operates a distillery that manufactures rectified spirit, ethanol, extra neutral alcohol, and bio fertilizers.

KM Sugar Mills Share Price

29.25 -0.62 (-2.08%)
21-Feb-2025 16:59 View Price Chart
Peers
Company Name CMP
Shree Renuka Sugar 30.28
Bajaj Hindusthan Sug 21.71
Balrampur Chini Mill 481.10
Triveni Engg. & Inds 377.95
Dalmia Bharat Sugar 338.00
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