Shree Renuka Sugars Ltd to consider issue of securities to lenders

A meeting of the Board of Directors of Shree Renuka Sugars Ltd will be held on 30th January, 2018 to consider issuance of securities to the lenders of the Company pursuant to the debt restructuring exercise being undertaken by the Company with the assistance and consent of its lenders, in accordance with the guidelines issued by the Reserve Bank of India and issuance of securities on a preferential basis to Wilmar Sugar Holdings Pte. Ltd. in supersession of the earlier resolutions passed by the shareholders at their meetings held on 21st December, 2017 and 24th August, 2017 respectively.

Shares of SHREE RENUKA SUGARS LTD. was last trading in BSE at Rs.15.8 as compared to the previous close of Rs. 15.6. The total number of shares traded during the day was 555220 in over 835 trades.

The stock hit an intraday high of Rs. 16.1 and intraday low of 15.55. The net turnover during the day was Rs. 8819571.

Source : Equity Bulls

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