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Rajshree Sugars to acquire Trident Sugars

Written by: Staff

Mumbai, May 3 (UNI) Rajshree Sugars and Chemicals Ltd today said it will acquire Trident Sugars Ltd for an enterprise value of Rs 62 crore.

The board, in its meeting, approved the acquisition and the setting up of two new sugar factories with a capacity of 5,000 tcd each at Madhubani and East Champaran in Bihar, the company informed the Bombay Stock Exchange.

The board has convened an extra ordinary general meeting to consider issue of 73.08 lakh equity shares of Rs 10 each through public issue, rights issue, preferential allotment, FCCBs, GDRs, ADRs to finance the capital projects of the company.

The company's shares were trading at Rs 203.75, up 0.54 per cent at the BSE.


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