Bajaj Hindusthan Sugar has acquired 5.04% shareholding of Bajaj Power Ventures (BPVPL). BPVPL is engaged in the business of developing power projects through its subsidiaries. The company has acquired 4,05,04,000 equity shares of Rs 10 each of BPVPL, at a price of Rs. 110 per share amounting to Rs 445.54 crore.
Bajaj Hindusthan Sugar (BHSL) is India's leading sugar and ethanol manufacturing company. Part of the Bajaj Group (Kushagra), it is headquartered at Mumbai (Maharashtra), India.