ICICI Bank has announced the sale of an aggregate of 4,61,98,815 equity shares in Shree Renuka Sugars Ltd. This disposal represents approximately 2.17% of the company’s issued and paid-up equity share capital. The shares were sold in multiple tranches, with the last transaction occurring on August 20, 2026, and held by ICICI Bank Limited as the seller.
ICICI Bank Divests Stake in Shree Renuka Sugars
ICICI Bank Limited has disclosed the sale of a significant portion of its holdings in Shree Renuka Sugars Ltd. The transaction involved the disposal of 4,61,98,815 equity shares, which amounts to approximately 2.17% of the total issued and paid-up equity share capital of Shree Renuka Sugars. The sale was conducted in various tranches, with the final transaction recorded on August 20, 2026.
Holding Details Before and After Sale
Prior to this sale, ICICI Bank held 19,07,50,711 equity shares, representing 8.96% of the voting capital. Following the disposal, the bank’s holding has reduced to 14,45,51,896 equity shares, now constituting 6.79% of the total equity share capital. The entire transaction was executed through the open market.
The equity share capital of Shree Renuka Sugars Ltd before and after the sale remains consistent at Rs. 2,12,84,89,773, comprising 2,12,84,89,773 equity shares of Rs. 1 each. The disclosure has been made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Source: BSE
