Shree Renuka Sugars share price locked at 5 percent lower circuit on August 3 as company’s net losses widen in the June quarter earnings.
The company has posted net loss of Rs 241 crore in the quarter ended June 2021 against loss of Rs 35.3 crore in a year ago period. Revenue of the company declined to Rs 829.5 crore against Rs 1310.7 crore, YoY.
The company board will raise up to Rs 1,500 crore via qualified institutional placement.
News Source:- Moneycontrol