Bajaj Hindusthan Sugar Allots Shares to Lenders Rs.542.51Cr

Bajaj Hindusthan Sugar's Committee of Directors allotted 105.96 crore equity shares to 10 lenders at Rs.5.12/share aggregating Rs.542.51 Crores.
Allotment is by way of loan-to-equity conversion under the company's 'Resolution Plan' on a preferential basis.
Post-allotment paid-up equity capital surged from Rs.127.74 Crores to Rs.233.70 Crores; allotment for 2 remaining lenders is pending.