Shree Renuka Sugars Ltd has informed that the Committee of Directors of the company at its meeting held on March 06, 2009, have allotted 40,00,000 equity shares of face value Re 1 each at the issue price of Rs 62.571 per share, including premium of Rs 61.571 per share for a total value of Rs 25.03 crores. The allotment 30,00,000 and 10,00,000 equity shares of Re 1 each has been made to allottees viz., Shree Renuka Sugars Development Foundation and Shree Renuka Sugars Employee Welfare Trust, respectively, on preferential basis pursuant to the exercise of option to convert equal number of warrants, allotted on September 07, 2007.
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