Mawana Sugars Limited has announced the successful completion of the sale of its investments in subsidiary companies, Siel Industrial Estate Limited (Siel IE) and Siel Infrastructure and Estates Developers Private Limited (Siel IED). The transaction, valued at ₹117 crore, includes the sale of equity and preference shares in these subsidiaries along with their respective assets and liabilities on an “as is where is what is” basis. The deal has been finalized with M/s Singla Builders and Promoters Limited, and the share purchase agreement was signed on October 11, 2024.
This marks the conclusion of Mawana Sugars’ previously announced transaction, as disclosed in its communication on September 7, 2024.
