date:Feb 24, 2014
further Rs 7254 million of primary capital for SRS. The proceeds of this fund-raising will be used by SRS to pay down its existing debt in India. WSHs funding for this acquisition will be from internal sources and bank borrowings.
The acquisition is not expected to have a material impact on the consolidated net tangible assets and earnings per share of the Wilmar Group for the current financial year ending 31 December 2014. The joint venture is subject, inter alia, to approval of the sharehold