Shree Renuka to acquire 100% stake in Anamika Sugar Mills for Rs 235 cr

Industry:    2023-09-27

Shree Renuka Sugars said it has entered into an agreement to acquire a 100 per cent stake in Anamika Sugar Mills for Rs 235.5 crore.

Renuka Sugars is one of the leading sugar firms in the country.

In a regulatory filing, Shree Renuka Sugars informed that it has “entered into a binding agreement i.e., the Share Purchase Agreement, dated 26th September 2023, with Anamika Sugar Mills Pvt Ltd for acquisition of 100 per cent of the equity shares of Anamika”.

The company intends to establish a presence in Uttar Pradesh, one of the largest sugar-producing states, and to cater to the markets of north and east India.

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