Bajaj Hindusthan Sugar Allots Shares to UCO Bank

Bajaj Hindusthan Sugar allotted 3,69,88,476 equity shares at Rs. 5.12/share to UCO Bank, aggregating Rs. 18.94 Crores via loan conversion.
The allotment is part of a Resolution Plan, converting lender debt into equity on a preferential basis as disclosed under Regulation 30.
Post-allotment, paid-up share capital increased from Rs. 2,33,69,54,000 to Rs. 2,37,39,42,476, comprising 2,37,39,42,476 equity shares of Re. 1 each.
Allotment for one remaining lender is pending completion of its individual loan-to-equity conversion process.