Renuka Foods PLC has subscribed to 125,000 ordinary shares amounting to Rs. 125 million at Rs. 1000 per share in its subsidiary company Renuka Agri Organics Limited.

Meanwhile, its subsidiary Renuka Organics (Pvt) Limited has also subscribed to 250,000 ordinary shares to a consideration of Rs. 250 million ay Rs. 1,000 per share.

Renuka Foods PLC and Renuka Organics (Pvt) Limited now own 50 per cent and 20 per cent of the issues ordinary shares of Renuka Agri Organics Limited.