Bajaj Hindusthan Sugar Ltd Allots 98,89,37,706 Compulsorily Convertible Preference Shares (CCPS) Aggregating to Rs.98.89 Crores

Bajaj Hindusthan Sugar Ltd has allotted 98,89,37,706 Series A 0.01 % Compulsorily Convertible Preference Shares (CCPS) of face value of Re.1/- each issued at par on preferential basis to the Lender/s of the Company. This allotment is in accordance with the 'Resolution Plan' and conversion of Loan. The total value of the allotted shares is Rs.98.89 Crores. The allotment is subject to the approval of the shareholders of the company.