Bajaj Hindusthan Sugar Allots 98.89 Cr CCPS to UCO Bank

Bajaj Hindusthan Sugar allotted 98,89,37,706 Series A 0.01% CCPS of Re.1 each to UCO Bank, aggregating Rs.98.89 Crores.
The CCPS were issued at par via preferential allotment through conversion of loan under the company's Resolution Plan.
Allotment of one remaining lender's shares is pending completion of the loan-to-equity conversion process.