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Corporate News
30-Dec-20
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EID Parry (India) sells 58.50 lakh equity shares held in Coromandel International
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Proceeds to be used for debt reduction
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EID Parry (India) has sold today 58,50,000 equity shares of Re 1 each held in Coromandel International in the open market at an average price of Rs. 803.1894 per share. Post the abovementioned sale, the Company holds 16,54,55,580 shares of Rs.1/- each representing 56.42% of the paid-up capital of Coromandel.
The proceeds of the sale will be used to bring down the debt of the company including its Wholly Owned Subsidiary, Parry Sugars Refinery India and for general corporate purposes.
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