Shree Renuka Sugars is currently trading at Rs. 15.65, up by 0.40 points or 2.62% from its previous closing of Rs. 15.25 on the BSE.
The scrip opened at Rs. 15.40 and has touched a high and low of Rs. 15.95 and Rs. 15.40 respectively. So far 1205594 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 19.18 on 15-Jun-2016 and a 52 week low of Rs. 11.47 on 23-Dec-2016.
Last one week high and low of the scrip stood at Rs. 16.00 and Rs. 14.90 respectively. The current market cap of the company is Rs. 1488.76 crore.
The promoters holding in the company stood at 55.43%, while Institutions and Non-Institutions held 4.85% and 39.72% respectively.
Shree Renuka Sugars has allotted shares worth Rs 27.21 crore to Standard Chartered Bank (SCB) against the part-conversion of its loan. The allotment committee of the Board of Directors approved the allotment of 1,64,35,338 equity share of face value of Re 1 at a price of Rs 16.56 per equity shares aggregating to Rs 27,21,69,197.28 to SCB. As a result, the paid up share capital of the company stands increased from about Rs 92.88 crore to Rs 94.52 crore.
Shree Renuka Sugars is a global agribusiness and bio-energy corporation. The company is one of the largest sugar producers in the world, the leading manufacturer of sugar in India, and one of the largest sugar refiners in the world.