Davangere Sugar seeks shareholder nod to dilute stake in UK unit Aurevant Global below 50%

Davangere Sugar Company Limited will seek shareholder approval to dilute its shareholding in wholly owned UK subsidiary Aurevant Global Limited to less than 50 per cent, or to cease exercising control over it, in connection with a proposed bridge financing facility of up to USD 100 million, according to the explanatory statement accompanying the notice [...] Vivek Waghmode