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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.

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