On conversion of Funded Interest Term Loan
Bajaj Hindusthan Sugar announced that the Board of Directors of the Company at its meeting held on 15 May 2015, has allotted 6512669 equity shares of face value Re. 1/- each at a premium of Rs. 20.77 per equity share upon conversion of Funded Interest Term Loan (FITL) aggregating to Rs. 141780804/- to JLF Lender pursuant to the Restructuring Scheme under JLF route.Consequent to the allotment of the equity shares as aforesaid, the paid up equity share capital of the Company stands increased from present Rs. 810241177 divided into 810241177 equity shares of face value Re. 1/- each, to Rs. 816753846/- divided into 816753846 equity shares of face value Re. 1/- each.
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