ImportantClosure of operations
EID Parry's subsidiary PSRIPL is closing its sugar refinery due to ₹1,406 Cr accumulated losses, driven by high costs and weak market premiums.
EID Parry India LimitedEIDPARRY · Filed with the exchange
EID Parry will infuse ₹610 Cr equity and ₹130 Cr as an unsecured loan to settle PSRIPL's liabilities, leading to a ₹655 Cr provision and ₹46 Cr impairment.
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