
Buyback30 Jun 2025, 06:21 pm
Bajaj Hindusthan Sugar Ltd Approves Buyback Offer of Rs. 630.80 Crore from Lalitpur Power Generation Company Limited
AI Summary
Bajaj Hindusthan Sugar Ltd announced that its Board of Directors, at a meeting held on June 30, 2025, approved the tendering of equity shares under a buyback offer from Lalitpur Power Generation Company Limited, a group company. The buyback offer is for an amount of up to Rs. 630.80 Crore. The proceeds from this transaction will be utilized by the company to pay its outstanding dues of Optionally Convertible Debentures (OCDs), including the first instalment for redemption of principal amount, YTM, and coupon interest due on March 31, 2025, to the lenders.
Key Highlights
- Bajaj Hindusthan Sugar Ltd approves buyback offer from Lalitpur Power Generation Company Limited
- The buyback offer is for an amount of up to Rs. 630.80 Crore
- The proceeds will be used to pay outstanding dues of Optionally Convertible Debentures (OCDs)
- The decision is in line with the company's financial management and debt repayment strategy
- The board meeting was held on June 30, 2025