Bajaj Hindusthan Sugar Completes Debt‑to‑Equity Share Allotment
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Bajaj Hindusthan Sugar swaps a ≈₹19 crore loan for equity, modestly expanding its share base and trimming debt.
- Completed a preferential share allotment that converts a UCO Bank loan into ≈37 million new shares at ₹5.12 each, including a ₹4.12 premium over the market price.
- Paid‑up equity rises from ₹233.69 crore to ₹237.39 crore, a ≈1.6 % increase in share count, resulting in modest dilution for existing shareholders.
- Balance‑sheet debt is reduced by about ₹19 crore, strengthening leverage ratios and likely lowering future borrowing costs.
- The issue complies with SEBI Regulation 30 and the relevant SEBI circular, with all filings submitted to the BSE and NSE.
- Investors benefit from a cleaner capital structure with limited downside; the key risk remains the overall success of the broader resolution plan.
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