Shree Renuka Sugars Limited (RENUKA.NS)

NSE - NSE Delayed Price. Currency in INR
16.90-0.10 (-0.59%)
As of 2:26 AM EDT. Market open.
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Prev Close17.00
Bid16.90 x
Ask16.95 x
Day's Range16.80 - 17.05
52wk Range7.10 - 19.15
1y Target EstN/A
Market Cap15.7B
P/E Ratio (ttm)-0.87
Avg Vol (3m)9,682,119
Dividend & YieldN/A (N/A)
Earnings DateN/A
  • Reuters3 years ago

    Wilmar expands sugar reach with India's Shree Renuka deal

    MUMBAI/NEW YORK, Feb 20 (Reuters) - Singapore's Wilmar International said on Thursday it has agreed to invest up to $145 million for a major stake in India's Shree Renuka Sugars, which will give a sugar upstart a foothold in the biggest consuming nation. The transaction, which will be completed in multiple steps, will see Wilmar - the world's top palm oil processor with business interests in sugar, lauric oils and other commodities - and the founders of the Indian company owning equal stakes in Shree Renuka. While the value of the deal is relatively small compared with multi-billion dollar deals seen across the industry over the past decade, it is Wilmar's third big move to grow in sugar in four years and expands its geographic footprint. Buying a stake in Shree Renuka marks its first foray into the world's top sugar producers, Brazil and India, amid burgeoning demand in emerging economies.

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