Swiss Finance Corporation (Mauritius) bought more than 39.58 lakh shares of Shree Renuka Sugars Limited through bulk deal on BSE.
However Morgan Stanley Asia (Singapore) partly offloaded stake by selling just over 38.60 lakh shares of the company.
Both the transactions were conducted at a price of R36.25 per share. Thus the purchase amounted to R14.35 Cr whereas the sale amount was close to R14 Cr.
Morgan Stanley held 1.42% stake in the company or 95.23 lakh shares.
Other major stakeholders in the company are ICICI Prudential Life Insurance (4.48%) and DNB Fund ASIAN (1.64%) among others.
Shree Renuka Sugars is a global agribusiness and bio-energy corporation.
The company operates eleven mills globally with a total crushing capacity of 20.7 Mn MTPA or 94,520 tonnes crushed per day (TCD). It operates seven sugar mills in India with a total crushing capacity of 7.1 MTPA or 35,000 TCD and two port based sugar refineries with capacity of 1.7 MTPA.
Recently Barclays Capital hiked its stake in Balrampur Chini Mills by investing R11.10 Cr and January this year Bangalore’s Vishwanath Sugar and Steel Industries had filed the DRHP for raising R374 Cr.
