India Glycols acquired a controlling stake of 96.56% in Shakumbari Sugar & Allied Industries, located in Uttar Pradesh.
The company acquired the majority stake at a consolidated price of Rs 470 million. India GlycolsCompany has acquired 3,17,24,200 shares of Rs 10 each of Shakumbari Sugar and Allied Industries.
Shakumbari Sugar & Allied Industries has a crushing capacity of 3,200 tons per day (TCD) along with a modern distillery of 40 kilo litres per day (KLPD).(My Iris)