Bajaj Hindusthan Sugar's Committee of Directors allotted 27,11,98,82,478 Series A 0.01% CCPS at Re.1 each, aggregating Rs.2711.99 Crores.
The CCPS were issued on a preferential basis to 10 lenders via loan conversion under the company's 'Resolution Plan'.
Lenders include SBI, PNB, Indian Bank, Central Bank, Bank of Maharashtra, IDBI, Canara Bank, Union Bank, Bank of Baroda, and Indian Overseas Bank.