Singapore's Wilmar Unit Buying $120 Million Of India's Shree Renuka Sugars

July 28, 2017 10:32 JST

By Glen Nicol Perkinson
Nikkei Markets
SINGAPORE (Jul 28) -- Singapore commodities company Wilmar International's wholly owned unit Wilmar Sugar Holdings is buying $120 million of nonvoting, compulsorily convertible preference shares in India's Shree Renuka Sugars, Wilmar said in an exchange filing Friday.