Shree Renuka acquired Gokak Sugars stock price down Rs.4.25

In a latest move Shree Renuka Sugars (CMP:Rs.56.95) announced that it has acquired 87 percent in Gokak Sugars for 693 mn rupees. Markets have not taken the consideration of this acquisition and the stock price today lost Rs.4.25 (-6.94%). (thebullishtrends)