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Wilmar Sugar Holdings Pte Ltd (acquirer) together with Wilmar International Ltd, has made an open offer to shareholders of Shree Renuka Sugars for acquisition of up to 49.837 crore shares, representing 26 per cent of the emerging share capital, at ₹16.29 a share. Wilmar Sugar Holdigns is a promoter of Shree Renuka Sugars. Last year, Shree Renuka Sugars had issued 50 crore compulsorily convertible preference shares at ₹16.27 each to Wilmar Sugar Holdings.
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