Davangere Sugar Attracts Global Investor Interest as Mauritius Based Craft Emerging Market Fund PCC acquires 5 crore shares in bulk deal
May 15, 2026
Mumbai (Maharashtra) [India], May 15: Davangere Sugar Company Ltd has attracted significant international investor attention after Mauritius based institutional fund Craft Emerging Market Fund PCC acquired 5 crore shares in the company in bulk deal on 14 May 2026, marking a major strategic investment in India's growing ethanol and clean energy sector. It acquired 2.5 crore shares of the company in the Citadel Capital Fund and 2.5 crore shares in Elite Capital Fund, acquiring total of 5 crore shares. Total value of the deal at Rs. 3.65 per share with total 5 crore shares comes to Rs. 18.25 crore.
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