- Reuters•3 years ago
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.
We're sorry this is all we were able to find about this topic.
Shree Renuka Sugars Limited (RENUKA.NS)
NSE - NSE Delayed Price. Currency in INR
|Day's Range||15.75 - 16.10|
|52wk Range||9.85 - 19.15|
|1y Target Est||N/A|
|P/E Ratio (ttm)||-0.82|
|Avg Vol (3m)||5,003,743|
|Dividend & Yield||N/A (N/A)|