 "sugar")
Renuka Sugars on Tuesday said its shareholders have approved raising up to $300 million (around Rs 2,263 crore) through external commercial borrowing from holding company Wilmar Sugar Holdings Pte Ltd.
The ordinary resolution to this effect was approved by the shareholders at an extra ordinary general meeting, according to a regulatory filing.
Earlier, the company had said it was in advanced discussions with existing lenders to refinance debt to reduce borrowing cost and for timely funding of growth operations of the company.
"The company has requested for the support of its holding company Wilmar Sugar Holdings Pte Ltd (WSH) for this purpose.
"WSH has
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