Shree Renuka Sugars extends fall ahead of board meet for fund raising

In past one month, the stock zoomed 74% against 4% rise in Sensex till Monday, July 24

Shree Renuka Sugars dipped 8% to Rs 18.70 on BSE in intra-day trade, extending its Wednesday’s 6% decline, ahead of board meeting today to consider fund raising.

“A meeting of the board of directors of the company will be held on Thursday, 27th July, 2017, to consider fund raising, in one or more tranches, that may include further public offer, rights issue, Global Depository Receipts (GDRs), preferential issue or any other method for issuance of equity shares and/or convertible / non-convertible preference shares and/or convertible / non-convertible debentures,” Shree Renuka Sugars said in a regulatory filing.

In past