Bajaj Hindusthan Sugar Ltd allots 14.38 crore shares at Rs. 13.28 per share

The Board of Directors of Bajaj Hindusthan Sugar Ltd at its meeting held today, i.e. July 20, 2021, commenced at 4.00 P.M. and concluded at 4.25 P.M., has allotted 14,38,00,000 equity shares of face value of Re. 1/- each fully paid up at a price of Rs.13.28 (Rupees Thirteen and twenty eight paise only) (including premium of Rs.12.28) per equity share on preferential basis aggregating to Rs.190,96,64,000/- by way of conversion of existing outstanding unsecured loan extended by the promoters as a part of promoters contribution to the Restructuring Package approved by the 'Joint Lenders Forum' (JLF) (Company's bankers).

Consequent to the allotment of the equity shares as aforesaid, the paid up equity share capital of the Company stands increased from the present Rs.113,35,59,942, divided into 113,35,59,942 equity shares of Re.1/- each, to Rs.127,73,59,942/- divided into 127,73,59,942 equity shares of Re.1/- each.

Shares of Bajaj Hindusthan Sugar Limited was last trading in BSE at Rs.19.15 as compared to the previous close of Rs. 20.15. The total number of shares traded during the day was 4325703 in over 7691 trades.

The stock hit an intraday high of Rs. 20.1 and intraday low of 19.15. The net turnover during the day was Rs. 83222624.

Source : Equity Bulls

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