Shree Renuka Sugars Ltd's Brazilian subsidiary viz. Shree Renuka Do Brasil Participacoes Ltda (SRDBPL) together with all of its subsidiaries (collectively 'Renuka Brazil'), had on 28th September, 2015, filed for protection under Judicial Recovery Law (Law 11.101/2005-Recuperação Judicial) in the designated court in the capital of the state of São Paulo.
On 4th July, 2018, the Creditors of the overseas subsidiary Company Renuka Vale do Ivai held a General Creditors' Assembly and approved a new recovery plan. As per the new plan, one of the production unit will be sold by auction after 60 days of approval of the plan by the designed court.
Shares of SHREE RENUKA SUGARS LTD. was last trading in BSE at Rs.12.61 as compared to the previous close of Rs. 12.63. The total number of shares traded during the day was 94153 in over 147 trades.
The stock hit an intraday high of Rs. 12.8 and intraday low of 12.5. The net turnover during the day was Rs. 1192264.