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The board of Bajaj Hindusthan Sugar has allotted 7.18 crore equity shares of face value ₹1 each at a premium of ₹20.77 a share upon conversion of Funded Interest Term Loan (FITL) to Joint Lenders Forum( JLF) lenders. The total value of the transaction stands at about ₹156.4 crore. The allotment follows the restructuring scheme approved under JLF route. Following the allotment, the paid-up equity share capital of the company has increased to ₹111.68 crore from ₹104.5 crore. The stock of Bajaj Hindusthan edged up 2.8 per cent at ₹16.40 on the NSE.
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