Shree Renuka Sugars Limited announced private placement to issue equity shares for a gross proceeds of INR 25,000,000,000 on February 9, 2024. The offering is made to qualified institutions. The transaction is subject to the further approval by the shareholders and other regulatory / statutory approvals, in accordance with the applicable laws including the provisions of the SEBI ICDR Regulations, the Securities and Exchange Board of India Regulations, 2015, the Companies Act, 2013 and other applicable laws and the rules framed thereunder, as amended from time to time.