This is the second time the sale of this distressed asset has encountered obstacles, following a Morgan Stanley-run fund’s withdrawal from a deal to purchase it a year ago.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20