The Board of Directors of Renuka Agri Foods PLC by their Circular Resolution dated December 31 2015, has approved the subscription to 1,666,250 new Ordinary Shares at Rs.140 per Share of Renuka Organics (Private) Limited, a 100% fully owned Subsidiary of the Company before March 31 2016 for a total consideration of Rs.233,275,000.
After the said issue the company will continue to hold 100% of the issued shares of Renuka Organics (Private) Limited.
After the said issue the company will continue to hold 100% of the issued shares of Renuka Organics (Private) Limited.
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