India’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 […]
Renuka sugar
Renuka Sugars Belgaum acquires Brazilian company
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 […]