Bajaj Hindusthan has received an approval whereby the Joint Lenders Forum (JLF) has decided to go ahead with the restructuring package in respect of outstanding debts of the company. The board of directors at their meeting held on December 11, 2014 has taken the note of the same. The restructuring package is subject to confirmation/approvals of sanctioning authorities of lender banks.
Bajaj Hindusthan, a part of the 'Bajaj Group’, is one the largest sugar manufacturing companies in Asia and also the largest industrial alcohol manufacturers in India. It is engaged in sugar manufacturing, distillery operations and bagasse-based power generation.
