Sakthi Sugars Ltd will sell its Sugar and Distillery Units in Dhenkanal, Orissa to Indian Potash Limited.
The company has executed a Business Transfer Agreement (BTA) in this regard and the cost of the plant is around Rs 134.10 crore. The Purchaser will participate in the management and operations of the Dhenkanal Units immediately on the execution of the BTA.
The Business Transfer Agreement will come into effect on July 1, 2022, and the closing date of the transaction after completing the procedure will be before 30th September 2022.
