Renuka to invest Rs. 70 m in organic agri biz

Wednesday, 25 June 2014 00:00 - - {{hitsCtrl.values.hits}}

Renuka Shaw Wallace Plc has decided to invest Rs. 70 million in expanding its footprint in organic agriculture. The investment involving a 50% stake or 0.5 million ordinary voting shares at Rs. 140 each is into Renuka Organics Ltd. The subsidiary is a Board of Investment approved venture which is a vertically-integrated certified organic agriculture products growing, manufacturing and export marketing company.

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