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Tamil Nadu: Ponni Sugars acquires jaggery manufacturing unit in Erode - ChiniMandi

Summary by ChiniMandi
Ponni Sugars (Erode) Limited has acquired a 50 TCD jaggery manufacturing unit located near Arachalur in Erode district for Rs 4.6 crores. Ponni Sugars, in an exchange filing, informed: “The Company bid for acquiring a 50 TCD jaggery manufacturing unit located near Arachalur in Erode District in response to sale notice issued by Canara Bank under SARFAESI Act. We have by sale intimation letter dated 24th February 2025 been informed by Canara Bank…
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Tamil Nadu: Ponni Sugars acquires jaggery manufacturing unit in Erode - ChiniMandi

Ponni Sugars (Erode) Limited has acquired a 50 TCD jaggery manufacturing unit located near Arachalur in Erode district for Rs 4.6 crores. Ponni Sugars, in an exchange filing, informed: “The Company bid for acquiring a 50 TCD jaggery manufacturing unit located near Arachalur in Erode District in response to sale notice issued by Canara Bank under SARFAESI Act. We have by sale intimation letter dated 24th February 2025 been informed by Canara Bank…

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ChiniMandi broke the news in on Monday, February 24, 2025.
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