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Sakthi Sugars is currently trading at Rs. 16.60, up by 0.10 points or 0.61% from its previous closing of Rs. 16.50 on the BSE.

The scrip opened at Rs. 16.85 and has touched a high and low of Rs. 16.85 and Rs. 16.10 respectively. So far 30987 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 22.90 on 13-Jul-2021 and a 52 week low of Rs. 13.38 on 30-Nov-2021.

Last one week high and low of the scrip stood at Rs. 17.00 and Rs. 14.80 respectively. The current market cap of the company is Rs. 196.70 crore.

The promoters holding in the company stood at 59.83%, while Institutions and Non-Institutions held 12.05% and 28.12% respectively.

Sakthi Sugars has executed a Business Transfer Agreement (BTA) for sale of Sugar and Distillery Units in Dhenkanal, Orissa State to Indian Potash, Seethakathi Business Centre, Anna Salai, Chennai (Purchaser) on a going concern on an 'As Is Where Is What Is' basis by way of a slump sale and specifically include the Assets, Liabilities and the Agreed Liabilities, except contingent Assets and contingent Liabilities, for a consideration of Rs 134.10 crore.

The Purchaser will participate in the management and operations of the Dhenkanal Units immediately on the execution of the BTA. The effective date of the Business Transfer Agreement is July 1, 2022 and the closing date of the transaction, after fulfilling the conditions precedent to closing, will be prior to September 30, 2022.

Sakthi Sugars is one of the largest producers of sugar in India. The products manufactured by the company includes White Crystal Sugar of grade S30, M30 and L 30.The By products include Molasses,Baggasse and Bio Compost. The company also in the business activities of Sugar, Power, Soya Products, Industrial Alcohol.