Edited excerpts from the Advisor's Press Release: NSL Sugars Limited, a part of the Nuziveedu Seeds group, has acquired 100% stake in Jay Mahesh Sugar Industries Limited (JMSIL), at an enterprise value of approximately Rs.231.2 crores. Prior to the transaction, JMSIL was a wholly owned subsidiary of Spray Engineering Devices Limited (SEDL), a specialist maker of sugar plant equipment. Anand Rathi Advisors was the exclusive advisor to SEDL Group for the transaction. JMSIL's plant, located at Majalgaon in the Beed District of Maharashtra, has a crushing capacjavascript:void(0)ity of 5,000 TCD and a Co-Gen project of 30 MW along with Distillery plant of 100 KLPD is expected to be commissioned shortly. The Co-Gen project of JMSIL will be eligible for Carbon emission reduction. JMSIL was acquired by SEDL in September 2006 with an intention to showcase the latest equipments & energy efficient technologies developed by SEDL Role of Anand Rathi: * Preparing the business plan and...