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The open offer to the shareholders of Shree Renuka Sugars from Wilmar Sugar Holdings Pte Ltd and Wilmar International will open on Monday and close on June 15. The acquirers made the offer for 56.67 crore shares at ₹16.29 a share.
The offer is mandatory as the holding of the acquirer increased upon exercise of options for the conversion of CCPS, as part of the implementation of the debt restructuring package. Investors will closely monitor the development.
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