Shree Renuka Sugars has entered into agreements and term sheets for sale of 3.8 million equity shares of National Commodity & Derivatives Exchange (NCDEX). The stake sale represents 7.5% of paid-up capital of NCDEX. The total sale consideration is Rs 665.4 million. The stake sale is subject to necessary approvals of NCDEX board and Forward Markets Commission.

Subsequent to the closure of the transaction, the company's stake shall stand reduced from 12.5% to 5% in NCDEX.

Shares of the company declined to settle at Rs 21.65. The total volume of shares traded was 307,123 at the BSE (Thursday).