Sakuma Exports Rights Issue 2024

Sakuma Exports Rights Issue 2024/Pixabay

VoM News Desk | April 23, 2024 | 03:31 PM IST | Breaking News | Follow on Google News

Sakuma Exports Rights Issue 2024

Sakuma Exports Rights Issue 2024

The Sakuma Exports Limited’s rights issue is set to open on April 25th, 2024, and will run until May 13th, 2024. Shareholders holding Sakuma Exports shares as of the record date on April 15th, 2024, are eligible to participate, with an entitlement ratio of 33 shares for every 98 shares held. The rights issue price is fixed at ₹25.30 per equity share, aiming to raise ₹199.83 crore.

This move follows an earlier announcement by Sakuma Exports regarding a significant contract valued at approximately ₹150 Crores for sugar supply to key regions like the North East, West Bengal, and Bihar. The deal underscores the company’s commitment to meeting the growing demand for sugar and solidifies its position in the agro-commodities sector, bolstering its market presence and supply chain network.

Source: Mint

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