Shree Renuka Sugars informs about disclosure

23 Nov 2024 Evaluate
With refer to disclosure dated 25th September 2019, Shree Renuka Sugars had intimated to the Stock Exchange that the Company has sold its entire stake of 39,56,74,975 shares (82.9%) in Shree Renuka Global Ventures Limited (SRGVL) (based out of Mauritius), the indirect wholly owned subsidiary of the Company, to Freeway Trading Limited (FTL) and further informed that Renuka Commodities DMCC (Renuka Dubai) (based out of Dubai), a wholly owned subsidiary of the Company will continue to hold 8,16,15,000 shares (17.1%) of SRGVL. In continuation, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, Renuka Dubai has on 22nd November 2024, sold the remaining 17.1% stake in SRGVL to FTL at consideration of USD 4,325. As a consequence of this sale by Renuka Dubai, SRGVL and its step-down subsidiaries will cease to be associates of the Company with effect from 22nd November 2024. Further details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023, are provided in the Annexure hereto.

The above information is a part of company’s filings submitted to BSE.

Shree Renuka Sugar Share Price

30.31 0.91 (3.10%)
21-Mar-2025 16:59 View Price Chart
Peers
Company Name CMP
Shree Renuka Sugar 30.31
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