Shree Renuka Sugars - Outcome of QIP Allotment Committee

Shree Renuka Sugars Ltd has informed BSE that the QIP Allotment Committee at its meeting held on October 31, 2007, has allotted 21,86,667 equity shares of Rs 10/- each at the issue price of Rs 750/- per share, aggregating to an amount of Rs 164 crores, to Qualified Institutional Buyers (QIB’s), pursuant to Securities and Exchange Board of India (Disclosure and Investors Protection) Guidelines, 2000.