Shree Renuka Sugars pares stake in NCDEX

Reduces stake to 5% from 12.5%

Shree Renuka Sugars announced that the Company has entered into agreements/Term Sheets for sale of 38,02,300 equity shares of National Commodity & Derivatives Exchange (NCDEX), representing 7.5% of paid-up capital of NCDEX for a total sale consideration aggregating to Rs 66.54 crore, subject to necessary approvals of NCDEX Board and Forward Markets Commission.

Subsequent to the closure of the transaction, the Company's stake shall stand reduced from 12.5% to 5% in NCDEX.

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