date:Feb 24, 2014
Wilmar International Limited has announced that its 100% subsidiary Wilmar Sugar Holdings Pte. Ltd (WSH) has entered into an agreement with Mr. Narendra Murkumbi and his affiliates (Existing Promoters) and Shree Renuka Sugars Limited (SRS or the Company) to facilitate the investment of approximately US$200 million in primary capital into SRS.
Under the terms of a joint venture agreement signed between WSH, the Existing Promoters and the Company, SRS would be jointly controlled by the Existing P