Feb 22, 2010, 09.53 AM IST | Source: Reuters

Shree Renuka shares rise after Equipav acquisition

Shares in Shree Renuka Sugars, India's biggest refiner, rose nearly 4% on Monday after it acquired a 51% stake in Brazil's Equipav SA Acucar e Alcool for $329 million.

CNBC-TV18

Watch CNBC-TV18 live only on MYTV >>

Shares in Shree Renuka Sugars , India's biggest refiner, rose nearly 4% on Monday after it acquired a 51% stake in Brazil's Equipav SA Acucar e Alcool for USD 329 million.

The Brazilian firm, which holds the sugar and alcohol assets of Equipav Group, owns two large sugar mills with integrated co-generation facilities, in south eastern Brazil, Shree Renuka said in a statement on Sunday.

The sugar mills have a combined annual cane-crushing capacity of 10.5 million tonne and a co-generation capacity of 203 megawatts (MW), it said.

At 9.02 am, shares were up 1.9% at Rs 183.3 in a firm Mumbai market.

Shree Renuka stock price

On April 25, 2014, at 11:21 hrs Shree Renuka Sugars was quoting at Rs 22.65, up Rs 0.25, or 1.12 percent. The 52-week high of the share was Rs 25.75 and the 52-week low was Rs 14.50.


The latest book value of the company is Rs 26.71 per share. At current value, the price-to-book value of the company was 0.85.

Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Narendra Modi

103685.95 2,794.05 2.77%

1226

Bought today

174

Sold today

0.94%

User holding

video of the day

Add cyclicals, banks on positive poll outcome: UBS

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.