Shree Renuka Sugars Ltd converts CCPS of Wilmar Sugar to shares

Shree Renuka Sugars Ltd (company) has approved the allotment of equity shares upon conversion of CCPS to Wilmar Sugar Holdings Pte. Ltd. (Wilmar)

Wilmar has exercised their option to convert 481,843,884, 0.01% Compulsorily Covertible Preference Shares (CCPS) held by them to 481,843,884 equity shares of the company in accordance with the terms of the CCPS.

The company has allotted 481,843,884 equity shares to Wilmar at its board meeting held today i.e. March 9, 2018.

Shares of SHREE RENUKA SUGARS LTD. was last trading in BSE at Rs.15.55 as compared to the previous close of Rs. 15.2. The total number of shares traded during the day was 1117574 in over 814 trades.

The stock hit an intraday high of Rs. 15.65 and intraday low of 14.45. The net turnover during the day was Rs. 17088175.

Source : Equity Bulls

Keywords