Bajaj Hindusthan Sugar has successfully implemented the BHSL S4A Scheme. The company has allotted 34,83,24,626 fully paid-up Optionally Convertible Debentures (OCDs) of face value Rs 100 each aggregating to Rs 3483.25 crore upon conversion of Part-B (Unsustainable Loan) to JLF Lenders. It has also sold and transferred 11,99,87,344 equity shares of Rs 1 each to JLF lenders. Consequently the promoters’ shareholding stands reduced to 15.43%.
Bajaj Hindusthan Sugar is engaged in the manufacture of sugar. The company is India’s largest ethanol producer and the pioneer of India’s fuel ethanol programme. They also generate power from the bagasse produced in their sugar mills. As well as produces environment-friendly Medium Density Fibre Boards (MDF) and Particle Boards (PB), both from their bagasse waste.
