Breaking News

You are here » Indian-Commodity  :  Top News  :  Bajaj Hindusthan Sugar planning to issue OCDs worth Rs 3483.25 crore

12-Dec2017

Bajaj Hindusthan Sugar planning to issue OCDs worth Rs 3483.25 crore

Bajaj Hindusthan Sugar is planning to issue Optionally Convertible Debentures (OCDs) aggregating to Rs 3483.25 crore to the Lenders of the Company upon conversion of Part - B (Unsustainable portion) of the loan in accordance with the 'S4A Resolution Plan' approved by the Overseeing Committee (OC). The meeting of Board of Directors of the company is scheduled to be held on December 14, 2017, to consider the same.

Bajaj Hindusthan Sugar is engaged in the manufacture of sugar. The company is India's largest ethanol producer and the pioneer of India's fuel ethanol programme. They also generate power from the bagasse produced in their sugar mills. As well as produces environment-friendly Medium Density Fibre Boards (MDF) and Particle Boards (PB), both from their bagasse waste.


Related News

View all news

Copper futures end tad higher on upbeat trade talk

Copper futures ended marginally higher on Wednesday due to upbeat comments from US President Donald Trump about a potential trade deal with China. Trump said he would intervene in the Justice Department's......

Gold futures end higher as dollar slides

Gold futures ended higher on Wednesday, with weaker dollar amid report that US consumer prices were unchanged in November, supporting the view that underlying inflation remained firm. Moreover, dimmed......

Physical Rubber prices witness improvement on Wednesday

Physical Rubber prices showed improvement on Wednesday. The market regained strength on short covering but the volumes continued to remain low. Spot prices for RSS-4 variety rose to 120.50/ kg compared......

Top News

View all news

Patels Airtemp receives settlement notice from SEBI

Patels Airtemp (India) has received from SEBI, Summary Settlement Notice vide its Letter dated December 12, 2018 for settlement amount of Rs 3,68,156 against violation of Regulation 7(2)(b) of SEBI (Prohibition......

IndiGo in initial discussion with Qatar, Turkish Airlines for global expansion: Report

In order to increase its global footprint, InterGlobe Aviation (IndiGo) is reportedly in preliminary discussion with Qatar Airways and Turkish Airlines. The Budget carrier is looking for interline and......

Talwalkars Lifestyles integrates with Growfitter

Talwalkars Lifestyles has integrated with Growfitter to introduce the country's first ever AI (Artificial Intelligence) based Incentivized Wellness Program. The Growfitter FITKIT Program is a technologically......