K.M. Sugar Mills Limited (BSE:532673) agreed to acquire remaining 80% stake in Sonar Casting Limited for INR 44.1 million on October 10, 2020. The consideration will be paid in cash. Upon completion, Sonar Casting Limited will become the wholly owned subsidiary of K.M. Sugar Mills Limited. For the financial year March 31, 2020, Sonar Casting Limited reported turnover of INR 0. The transaction is expected to be completed by October 20, 2020.