Wilmar Proposes to Acquire Strategic Stake in Shree Renuka Sugars
date:Feb 24, 2014
romoters and WSH, with both parties holding equal shareholding and board representation in SRS.

The Existing Promoters will continue with the management of the Company, with Wilmar being actively involved in strategic decisions. Subject to receipt of necessary approvals, the investment in SRS would be done in two steps. The first step would involve an investment of Rs 5,170 million (approximately US$83 million) by WSH in SRS through a preferential allotment of 257.5 million shares of fresh equi
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