Shree Renuka Sugars to setup subsidiary in SAIF Zone

Shree Renuka Sugars Ltd has announced that the Board of Directors of the Company at its meeting held on August 14, 2007, inter alia, has consider and approved setting up of a Wholly Owned Subsidiary in Sharjah International Free Zone (SAIF Zone) called Shree Renuka Biofuels holdings FZE or in any other name approved by the authority which will have holding Company license for investing its own funds / resources in U.A.E or overseas.

The stock closed the day at Rs.494.70, down by Rs.3.70 or 0.74%. The stock hit an intraday high of Rs.510 and low of Rs.487.25. The total traded quantity was 64471 compared to 2 week average of 108463.

Source : Equity Bulls

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