<h1>Davangere Sugar sees major open market share acquisitions and promoter funding to reduce debt and expand ethanol capacity.</h1> Arihant Capital acquired over two crore Davangere Sugar shares amid a near 10% price rise; promoters have injected about Rs 150 crore (including Rs 44 crore) and bought open-market shares to reduce debt and strengthen the balance sheet. The company is expanding ethanol capacity, adding a CO2 recovery plant, diversifying into broken rice and maize procurement, targeting five lakh MT cane crushing, and implementing farmer incentives and supply-chain coordination to support scaling and additional revenue streams.