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| Exchange Disseminated Time | | With reference to the news item appearing in a leading financial daily titled "Shree Renuka Sugars to raise $350 million through its Brazilian arm" on May 22, 2013, reporting that the Company is looking to raise around $250-350 million (Rs. 1,350-1,925 crore) through a bond sale through its Brazilian subsidiary, Renuka Do Brasil S/A, or RDB, which will carry a guarantee from the listed Indian parent, Shree Renuka Sugars Ltd has Clarified to BSE that the Company does not intend to issue any debt instrument for its Brazilian subsidiaries with any sort of parent Company guarantee. |
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