Shree Renuka Sugars Limited announced that it will issue equity shares at a face value of INR 1 per share for aggregate gross proceeds of INR 15,000,000,000 on August 2, 2021. The shares will be issued by way of a qualified institutions placement. The shares will be issued to qualified institutional buyers. The transaction is subject to the approval of the shareholders, any other regulatory or statutory approvals, as may be required.