Announced Wed, 1 Apr · 16:24 IST
Allotment of 1.67 Cr shares to Bank of India on loan conversion
Fund Raising View source PDF
BAJAJHIND · price
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Price reaction · full curve 14 horizons · vs prior close
+2.1%1-day move
₹17.03
prior close
₹16.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Bajaj Hindusthan Sugar allotted 1,67,23,565 equity shares (Re.1 face value) at Rs.5.12 per share (including Rs.4.12 premium) to Bank of India on a preferential basis. Total value: Rs.8.56 crores. This was done by converting a loan into equity under the Resolution Plan / Framework Agreement dated March 26, 2026. The paid-up share capital rose from Rs.237.39 crores to Rs.239.07 crores. With this, allotment to all lenders is now complete.
Likely market impact
Loan-to-equity conversion dilutes existing shareholders. Completes lender resolution process, easing debt burden on the company.