Belgaum based Shree Renuka Sugars is on a acquiring spree and today have finalized on a major second acquisition in Brazil of Eqiupav. The deal is of the size of Rs.1500 crores and will be funded by internal accruals, warrants and debt. It Outbid Hong Kong based Noble group in the deal. Shree Renuka Sugars [...]
View PostIndia’s biggest sugar refiner, city based Shree Renuka Sugars is in the race to acquire a majority stake in Brazil’s Equipav Group for an estimated $300 million (Rs 14 billion). If successful, this would be Renuka Sugar’s second acquisition in Brazil. The company has submitted bids for the sugar and alcohol assets of Equipav Group [...]
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First overseas acquisition by an Indian sugar company Renuka Sugars is a Belgaum based company with Murkumbi as its promoters with its registered office at Camp. In the first acquisition of any foreign sugar and ethanol unit by an Indian company, Shree Renuka Sugars Ltd (SRSL), one of the largest producers in the country, has [...]
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