Shree Renuka Sugars Limited (RENUKA.NS)

NSE - NSE Delayed Price. Currency in INR
16.25-0.35 (-2.11%)
At close: 5:59 AM EDT
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Prev Close16.60
Bid16.25 x
Ask0.00 x
Day's Range16.10 - 16.70
52wk Range7.20 - 19.15
1y Target EstN/A
Market Cap15.09B
P/E Ratio (ttm)-0.84
Avg Vol (3m)6,756,832
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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