Rajshree Sugars & Chemicals announced that the company has now entered into a share purchase agreement with the prospective buyer, for the sale of the wholly-owned subsidiary company Trident Sugars, having the sugar factory at Telangana.
As per the said agreement, the prospective buyer is expected to close the sale transaction by March 31, 2017.
Total volume of shares traded on the bourses today was lower by 62.22% to 39,709 compared with 22-day average volume of 105,112.
Shares of the company gained Rs 0.35, or 0.62%, to settle at Rs 57.25. The total volume of shares traded was 2,570 at the BSE (Friday).