EID Parry India, the sugar manufacturer in India, announced that the company divested its entire shareholding of 102,222 equity shares of Rs 100 each in Alagawadi Bireshwar Sugars, a wholly owned non-operating subsidiary for a consideration of Rs 17 million.

The stock had underperformed the market over the past one month till Mar. 27, 2015, falling 11.41% compared with the Sensex's 6.03% decline.

It underperformed the market in past one quarter, declining 14.81% as against 0.80% rise in the Sensex.

Shares of the company declined Rs 0.6, or 0.36%, to trade at Rs 166.35. The total volume of shares traded was 4,903 at the BSE (1.14 p.m., Monday).