Dhampur Sugar board approves merger of JK Sugar

Dhampur Sugar Mills today said its board has approved the merger of JK Sugar with the company and shareholders of the latter will get 275 shares for every 1,000 shares they hold.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » Business

Jun 11, 2012, 08.26 PM | Source: PTI

Dhampur Sugar board approves merger of JK Sugar

Dhampur Sugar Mills today said its board has approved the merger of JK Sugar with the company and shareholders of the latter will get 275 shares for every 1,000 shares they hold.

Like this story, share it with millions of investors on M3

Dhampur Sugar board approves merger of JK Sugar

Dhampur Sugar Mills today said its board has approved the merger of JK Sugar with the company and shareholders of the latter will get 275 shares for every 1,000 shares they hold.

Post Your Comments

Share Cancel

Dhampur Sugar Mills today said its board has approved the merger of JK Sugar with the company and shareholders of the latter will get 275 shares for every 1,000 shares they hold.
    
In a filing to the BSE, the company said, "The board of directors in its meeting held on June 10, 2012, gave approval to the amalgamation of JK Sugar Ltd with the company."
    
The Board approved the share exchange ratio of 275:1,000, meaning thereby that every equity shareholder of JK Sugar holding 1,000 fully paid-up equity shares of Rs 10 each will be entitled to receive 275 fully paid-up equity shares of Dhampur Sugar Mills, it said. The proposed merger is subject to regulatory and other approvals, the company added.
    
JK Sugar, a part JK Industries, in a separate filing to the BSE said its board has approved the proposed merger in its meeting on June 9. JK Sugars has sugarcane crushing capacity of over 4,000 tonnes per day. While Dhampur Sugar Mills has capacity to crush 39,500 tonnes of cane per day.
    
Both the companies are based in Uttar Pradesh, which is second in the country for sugar production after Maharashtra.
    
Shares of Dhampur Sugar Mills were trading higher by 1.35 per cent at Rs 45.10 on the BSE. JK Sugar was quoted at Rs 18 apiece, down 2.6 per cent over previous close, on the BSE at 1350 hrs.

Dhampur Sugar stock price

On May 03, 2016, at 14:43 hrs Dhampur Sugar Mills was quoting at Rs 85.55, down Rs 3.8, or 4.25 percent. The 52-week high of the share was Rs 99.90 and the 52-week low was Rs 27.40.


The latest book value of the company is Rs 68.47 per share. At current value, the price-to-book value of the company was 1.25.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Dhampur Sugar board approves merger of JK Sugar

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login