The FII bought 2012000 shares at a price of R55.20 per share amounting to R11.10 Cr. However Amrabathi Investra Pvt. Ltd. sold 1300000 shares at a price of R55.05 per share.
LIC is the largest non-promoter stakeholder with 8.18% in the company and others comprise of Merrill Lynch Capital (1.70%) and ICICI Prudential (2.87%) to name a few.
Balrampur Chini Mills Limited was incorporated in 1975 as a wholly-owned subsidiary company of Balrampur Sugar Company Limited. It is the country’s biggest sugar refiner and its primary product is ethanol which it makes from sugar. It also makes branded sugar which is sold to retail investors.
Earlier in 2009-2010, Balrampur Chini was involved in 2 takeover bids by Bajaj Hindustan and Shree Renuka Sugars which did not materialize eventually and it was planning partnership/mergers with few small sugar companies in North in 2010.
