| Log in

Balrampuri Chini Denies Stake Sale To Bajaj Hindusthan

03 November, 2009

Kolkata-based Balrampur Chini Mills has said in a statement to the Bombay Stock Exchange that its promoters have not signed any deal to sell their stake to Bajaj Hindusthan Ltd. “The promoters of Balrampur Chini Mills Ltd. have not entered into any agreement with any party for sale of their stake in Balrampur Chini Mills Ltd,” said the statement. It added that it had some discussions with Bajaj Hindusthan on future business strategies.

Reports last week had stated that Bajaj Hindusthan, India’s number one sugar producer, is close to acquiring the promoters’ stake in Balrampur Chini for between Rs 1,700-2,400 crore. Others like US-based BUNGE, Singapore-based Olam International and Tata & Lyle were also said to be in the race.


Leave Your Comment
Bajaj Hindusthan Close To Buying Balrampur Chini: Report

Bajaj Hindusthan Close To Buying Balrampur Chini: Report

Pallavi S 8 years ago
Bajaj Hindusthan, India’s number one sugar producer, is reportedly inches away...
News Roundup: Shree Renuka Sugars In Talks With Balrampur Chini

News Roundup: Shree Renuka Sugars In Talks With Balrampur Chini

TEAM VCC 8 years ago
DB Corp Issue Subscribed Over 39 Times – The IPO of DB Corp set a new...
Shree Renuka Buys Brazilian Firm For $82M

Shree Renuka Buys Brazilian Firm For $82M

Pallavi S 8 years ago
Shree Renuka Sugars Ltd has informed the exchanges that it has acquired...
No Comments

Balrampuri Chini Denies Stake Sale To Bajaj Hindusthan

Powered by WordPress.com VIP