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Dalmia Bharat Sugar will absorb Hippostores' agri-tech undertaking via redeemable preference shares, with no cash paid. Listed equity shareholding stays unchanged; the preference shares will not be listed.
Dalmia Bharat Sugar incorporated a wholly-owned subsidiary, Dalmia Bharat Global Holdings Limited, in Abu Dhabi. The entity will hold the company's present and future foreign investments.
Dalmia Bharat Sugar will incorporate a wholly-owned subsidiary in UAE for Rs.0.01 Crore. The entity will manage the company's foreign investments.
Dalmia Bharat Sugar will invest Rs. 187.89 Crore in subsidiary EAHL. Funds will support a new sugar plant and co-gen facility in Tanzania.
Dalmia Bharat Sugar approved a 3500 TCD plant in Tanzania. The company will invest US$ 19.70 million (Rs. 187.15 Crore) to maintain its 51% subsidiary stake.