Board of Mawana Sugars to consider investment/ divestment in subsidiaries

On 25 February 2021

The Board of Mawana Sugars will meet on 25 February 2021 to consider investment in proposed issue of Redeemable Cumulative Preference Shares by Siel Industrial Estate, a subsidiary of the company. The Board will also consider sale of shares of Siel Financial Services (SFSL), a subsidiary of the Company and also consider conversion of outstanding dues of the company in Siel Financial Services of Rs.3.66 crore.

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