Ponni Sugars Erode Ltd emerges successful bidder for 50 tcd jaggery manufacturing unit

Ponni Sugars (Erode) Ltd had bid for acquiring a 50 tcd jaggery manufacturing unit located near Arachalur in Erode District in response to sale notice issued by Canara Bank under SARFAESI Act. We have by sale intimation letter dated 24.02.2025 been informed by Canara Bank that our bid for Rs.4.6 crores has been accepted.

The acquisition is aimed at product diversification and at its current capacity may have no material bearing on the overall production or turnover of the company.

Shares of Ponni Sugars (Erode) Limited was last trading in BSE at Rs. 307.15 as compared to the previous close of Rs. 315.95. The total number of shares traded during the day was 1674 in over 95 trades.

The stock hit an intraday high of Rs. 309.95 and intraday low of 301.00. The net turnover during the day was Rs. 510869.00.

Source : Equity Bulls

Keywords

PonniSugarsErode INE838E01017 JaggeryManufacturingUnit Acquisition