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    Shree Renuka Sugars clarifies on news item

    Shree Renuka Sugars has clarified that the company does not intend to issue any debt instrument for its Brazilian subsidiaries with any sort of parent Company guarantee.

    May 23, 2013 / 13:49 IST

    With reference to the news item appearing in a leading financial daily titled "Shree Renuka Sugars to raise 0 million through its Brazilian arm" on May 22, 2013, reporting that the Company is looking to raise around 0-350 million (Rs. 1,350-1,925 crore) through a bond sale through its Brazilian subsidiary, Renuka Do Brasil S/A, or RDB, which will carry a guarantee from the listed Indian parent, Shree Renuka Sugars Ltd has Clarified to BSE that the Company does not intend to issue any debt instrument for its Brazilian subsidiaries with any sort of parent Company guarantee.Source : BSE

    Read all announcements in Shree Renuka

    first published: May 23, 2013 01:49 pm

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