Shree Renuka Sugars Limited (RENUKA.NS)

NSE - NSE Delayed Price. Currency in INR
15.90+0.05 (+0.32%)
At close: 6:00 AM EDT
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Prev Close15.85
Bid0.00 x
Ask15.90 x
Day's Range15.75 - 16.10
52wk Range9.85 - 19.15
1y Target EstN/A
Market Cap14.72B
P/E Ratio (ttm)-0.82
Avg Vol (3m)5,003,743
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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