Dhampur Sugar Mills Ltd acquires 100% stake in RMSD Enterprises Pvt Ltd

Dhampur Sugar Mills Limited ("the Company") has acquired 100% shareholding (10,000 equity shares of Rs.10 each) in RMSD Enterprises Private Limited. Consequently, RMSD Enterprises Private Limited has become a wholly owned subsidiary of the Company.

The target entity is recently incorporated in October, 2020 and its objects will be changed to manufacturing, producing and dealing in Sugar, Chemicals including ethanol, ethyl etc. and co-generation of Power in line with the current business of holding company i.e. Dhampur Sugar Mills Limited.

The object of acquisition is to carry on in future the same business as undertaken by the holding company i.e Dhampur Sugar Mills Limited. Accordingly, the objects of the wholly owned subsidiary company will be amended as noted above.

Shares of DHAMPUR SUGAR MILLS LTD. was last trading in BSE at Rs.183.5 as compared to the previous close of Rs. 185.55. The total number of shares traded during the day was 21639 in over 555 trades.

The stock hit an intraday high of Rs. 187 and intraday low of 181.25. The net turnover during the day was Rs. 3995429.

Source : Equity Bulls

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