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Mawana Sugars Ltd Sells Entire Investment Of Subsidiary - Mawana Foods Limited

Friday, 5 Jul 2013 07:42am EDT 

Mawana Sugars Ltd announced that it has sold its entire investment i.e. 3,129,994 equity shares of INR10 each fully paid up (65.03% of the paid up capital) held by it in Mawana Foods Limited (MFL), a subsidiary of the Company at a price of INR26.12 per share to Usha International Limited. Accordingly, MFL ceased to be the subsidiary of the Mawana Sugars Ltd w.e.f. June 29, 2013. 

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21 Aug 2014