Mawana Sugars Limited has announced completion of transaction relating to sale of the equity shares and preference shares held by the Company in Siel Industrial Estate Limited (Siel IE) and the equity shares held in Siel Infrastructure and Estates Developers Private Limited (Siel IED), along with all their respective assets and liabilities including but not limited to claims, if any, by farmers for compensation or enhanced compensation, on an “AS IS WHERE IS WHAT IS” basis to M/ s Singla Builders and Promoters Limited for a total consideration of Rs. 117 crores.
The Share Purchase Agreement has been signed on October 11, 2024.
This marks the conclusion of Mawana Sugars’ previously announced transaction, as disclosed in its communication on September 7, 2024.
Mawana Sugars Limited is one of the largest sugar producing companies in Uttar Pradesh.
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